Lagardère Travel Retail wins a 2,040 m2 Duty Free concession in King Khaled International Airport in Riyadh

Category

Finance, Lagardère Travel Retail

Riyadh (Saudi Arabia), October 19, 2016

A consortium led by Lagardère Travel Retail together with Saudi Airlines Catering Company (SACC), and Arabian Ground Handling Logistic Company, has been awarded the concession contract to operate 2,040 m2 of commercial space in terminals 1 and 2 of King Khaled International Airport in Riyadh.

Following a highly competitive tendering process conducted by Riyadh King Khaled International Airport, the contract will provide Lagardère Travel Retail with the opportunity to operate two Duty Free units, each 1,020 m2, offering, amongst others, perfumes & cosmetics, fashion & accessories, gold & diamonds, tobacco, confectionary, food stuff & toiletries, electronics, toys & souvenirs.

In 2015, more than 10 million international passengers used Riyadh King Khaled International Airport as their origin, destination or transit point.

Dag Rasmussen, Chairman and CEO of Lagardère Travel Retail stated: “Lagardère Travel Retail is extremely proud to be awarded the concession to operate the Duty Free stores in King Khaled International Airport in Riyadh. We will do our upmost to warrant the trust the Airport showed in us and are looking forward to create the ultimate Duty Free experience for passengers using King Khaled International Airport. We are confident that the operations, carried out in partnership with two reputable and competent partners, will be highly successful.”

Abdulaziz Aboharba, Chief Executive Officer of Riyadh Airports Company stated that “the airport is looking forward to welcoming Lagardère Travel Retail and is looking forward to a long and successful partnership and welcoming the injection of new and international brands to the duty free shops. We are looking forward to the new shops opening which will provide us with a combination of International standards together with the cultures of Saudi Arabia.”.

Sakhr AlMulhem, General Director Of Commercial Directorate at the General Authority of Civil Aviation (GACA), responded by expressing his congratulations to the Lagardere Travel Retail Consortium and stated that he was very much looking forward to a first class international duty free operation in King Khaled international Airport that truly reflects the Kingdom’s natural beauty together with the desire of the airport to offer the best of the best for the Capitals passengers.

Wajdy Moh’d Al-Ghabban, CEO of Saudi Airlines Catering Company added: “SACC is proud to join forces with Lagardere. This consortium combines world class travel retail operator’s experience and SACC’s long experience of local traveller’s needs through Skysales.”

Press contacts

Lagardère Travel Retail : Alexander Twose - +33 (0) 1 42 99 07 01 - a.twose@lagardere-tr.com

Lagardère Investor Relations: Florence Lonis - +33 (0)1 40 69 18 02 - flonis@lagardere.fr

ABOUT LAGARDERE TRAVEL RETAIL:
One of the four divisions of Lagardère Group, Lagardère Travel Retail is a pioneering global leader in the travel retail industry. Operating 4,500 stores across Travel Essentials, Duty Free and Foodservice in airports, railway stations and other concessions in 30+ countries worldwide, Lagardère Travel Retail generates a €4 bn sales (managed 100%).
Lagardère Travel Retail has a unique holistic approach aimed at exceeding travelers' expectations throughout their journey and optimizing landlords' assets and partners' brands.

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