LS travel retail becomes the owner of ADR Retail and the operator of 8 duty free / duty paid stores in Rome airport
Lagardère Travel Retail
Paris, September 28, 2012
On September 28th, 2012, the operation enabling LS travel retail to become the owner of ADR Retail and the operator of 8 duty free / duty paid stores in Rome airports (Fiumicino and Ciampino), has come to a successful conclusion. Both Italian antitrust authorities and ADR funding institutes have given their approval to this acquisition. ADR Retail will change its name on November 1st for LS travel retail ROMA.
The total surface of these stores, specialized in the retailing of alcohol, tobacco, perfumes & cosmetics, gourmet food and souvenirs, amounts to more than 3,100 sqm. Starting in 2013, LS travel retail ROMA will operate on an increased surface of 4,800 m² (+ 50%). In 2013, all stores will be rebranded Aelia Duty Free, the multi-categories travel retail concept developed by LS travel retail. Aelia Duty Free stores welcome travelers into a universe with strong visual identity, by way of an elegant and functional model. Aelia Duty Free positions itself as a mini “department store”, a high-end space, where the greatest international brands and a selection of the best products in all categories can be found.
LS travel retail ROMA’s Managing Director Séverine Lanthier comments: “I am delighted to contribute to the development of duty free and luxury commercial activity in Rome airport. The quality of the teams already in situ, the increase of the surface areas which will soon be generated, as well as the know-how contribution of LS travel retail, together with the multiple attractions of the Aelia Duty Free concept, will enable us to successfully meet the challenge which is being offered to us.”
Lagardère Services’ Chairman and Chief Executive Officer Dag Rasmussen comments: “I would like to thank ADR for the professional and transparent process which accompanied the acquisition and transfer of ADR Retail. I am happy and proud that the Board of Directors has chosen LS travel retail to reinforce the airport commercial activity and thus to actively take part in the development that Rome airport deserves. We will do our upmost to warrant the trust they show in us.”
“We are pleased to begin a partnership with a successful company such as LS travel retail. Thanks to this company’s expertise and the international network of the Lagardère Services Group which it is part of – said Lorenzo Lo Presti, CEO of Aeroporti di Roma – we will be able to upgrade our retail spaces to the highest European standards, bringing us up to the same level as airports like London, Madrid and Amsterdam, both in terms of the number of square meters offered per passenger and in the quality of what we offer. This deal is a key step towards the achievement of ADR’s development targets and allows the company to free resources so that it can focus all its efforts and attention on the ambitious investment plan amounting to 12.1 billion euro from now until 2044, of which 2.5 billion will be invested in the next ten years.”
For further information, please contact:
Séverine LANTHIER - LS travel retail ROMA - Managing Director - Email: email@example.com
Notes for the Editors:
LS travel retail is a division of the Lagardère Services Group. LS travel retail, with a turnover of 2.3 billion at global level in 2011, operates in over 20 countries and in more than 130 airports in Europe, North America, Asia and Oceania, and offers a full range of Travel Retail concepts: it is the world leader in News & Convenience; the company also manages multi- and single-category Duty Free shops (e.g. Aelia Duty Free, BuY PARIS DUTY FREE), multi- and single-brand fashion stores, speciality gift stores, gourmet food stores, and Food & Beverage shops.
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