Latest news with #Avolta
Forbes
6 days ago
- Business
- Forbes
Avolta And Lagardère Build Out Their Latin American Retail Portfolios
Rival European travel retailers, Avolta and Lagardère Travel Retail (LTR) have made in-roads into the Latin American airport retail market, in Mexico and Peru respectively. Paris-based, LTR has revealed a large retail offer in the new terminal of Peru's main airport, Jorge Chávez International Airport, which is operated by Lima Airport Partners. In total, the travel retailer has inaugurated more than 43,000 square feet of store space, plus a dining area covering 35,500 square feet branded Nación Sazón – The Land of Flavours which Lagardère describes as 'Latin America's newest and freshest hub for local cuisine.' Meanwhile, Switzerland-based Avolta, has won a new five-year contract at Guadalajara Airport in Mexico allowing it to expand its retail operations there to cover around 13,000 square feet which includes the opening of two new stores. LTR's new commercial spaces in Lima, follow two years of construction at the airport which, last year, was the fifth busiest airport in Latin America processing 24.5 million passengers, up by 15%. The strong rebound topped the 2019 record of 23.6 million, though this is mainly thanks to the high level of domestic air travel; international numbers are still about 6% off 2019. Lima Airport Partners—80.01% owned by Germany's Fraport and 19.99% by the International Finance Corporation (part of the World Bank Group)—wanted a strong focus on gastronomy to appeal to lucrative transfer passengers in particular, whose share of travelers remains below pre-Covid levels. Nación Sazón which houses the food and beverage (F&B) offer features 13 units, including nine leading Peruvian brands that exemplify the country's rich culinary heritage. Among them are exclusive concepts developed with two of South America's most celebrated chefs. They are the blended Japanese and Peruvian SAKAI by Mitsuharu Tsumura, chef at Maido ranked fifth among The World's 50 Best Restaurants 2024, and the seafood-inspired CALLAO by Jaime Pesaque, chef at Mayta, ranked 41st. Other chef-led concepts include creole cuisine from José del Castillo at Las Reyes by Isolina, gourmet burgers by Javier Miyasato at Burger Boy, and barbecue chicken from Mitsuharu Tsumura at TORI. Cyril Letocart, CEO of Lagardère Travel Retail Peru said: 'Nación Sazón is a true gastronomic hub that brings Peru's unique cuisine to the world. We have put our heart and soul into this project and are very proud of the results.' Referring to the project as a whole he added: 'We have built what we believe is Latin America's new benchmark for travel retail and airport dining.' The departure retail space features El Mixólogo, a cocktail and tapas bar where passengers can also purchase local labels to take home. Lagardère has also added a VIP room in the main duty-free shop to serve high spenders. The store design pays tribute to Peru's landscapes from the coasts and highlands to the Amazonian forests and Andes mountains. Lagardère Travel Retail is making a big investment in Lima. It launched there in 2021 with 80 employees, but this latest expansion will grow that number to over 750 by this summer. In terms of international passengers, the retailer could well be serving a large number of Spaniards and Americans. Among the strongest recoveries last year (versus 2019) were from Madrid (up 133%) and Miami (up 137%). The two destinations accounted for 19% of international traffic. Further north in Mexico, Avolta's new five-year contract at Guadalajara Airport—at the heart of the country's main tequila producing region—will enable the retailer to fully renovate its three existing stores and open two new ones. Mexico is a big market for the airport retailer; with more than 80 stores across Mexico City, Cancun, Monterrey as well as Guadalajara. Guadalajara is the third busiest airport in the country and is operated by Grupo Aeroportuario del Pacífico (GAP). It processed almost 18 million passengers last year. The gateway continued to grow, unlike its larger counterparts, Mexico City and Cancun, where traffic fell by about 6%. Susana Romero, commercial director at GAP, described Avolta as one of the most important stakeholders in Guadalajara Airport, and added: 'As part of our effort to maximize revenue from commercial activities and meet passenger expectations, GAP expanded and redesigned the airport terminal to accommodate more general specialty retail, duty-free shopping and F&B. The passenger flow was also redirected to increasing exposure to the new commercial areas.'
Fashion Network
20-05-2025
- Business
- Fashion Network
Mondottica takes Ted Baker eyewear into ready-readers category
The label continues to expand under its still-relatively-new owner Authentic Brands Group with various license-holders adding to its categories. And as we know, eyewear is one of the most important categories for fashion labels with Ted Baker having now taken a new step in this area. Premium eyewear brand partner and design specialist Mondottica Group is entering a new eyewear category with the brand via its new Ready Readers. The company said this is 'a sophisticated addition to the reading glasses eyewear category, injecting Ted Baker's fashion-led style and renowned quality'. Designed specifically for eyes that struggle to see things clearly close-up, due to an age-related condition called presbyopia, Ted Baker Ready Readers are a premium addition to the growing optical category. The line launches with six models — three styles with an option of a sunglass or optical lens, and available in four strengths from +1.5 through to +3.0. The three styles include a women's cat-eye shape, men's round frame with pantos bridge and a unisex rounded square frame. Signature Ted Baker T's complete the temple tips and brown lenses are included in the sun styles. The British brand's famous florals prints and renowned twists of colour also make the pieces instantly recognisable. They're currently available in duty free locations at nine UK airports through Avolta.
Reuters
15-05-2025
- Business
- Reuters
Avolta posts higher quarterly sales growth, shrugs off North America slowdown
May 15 (Reuters) - Swiss travel retailer Avolta (AVOL.S), opens new tab posted a 5.3% organic increase in first-quarter turnover on Thursday, driven by its diversified business structure, despite headwinds in North America from lower traffic volumes earlier in the year. The Basel-based company also confirmed its full-year outlook and mid-term targets. The company, which runs shops at airports, on cruise liners, in seaports, and other tourist locations worldwide, posted a core turnover of 3.05 billion Swiss francs ($3.63 billion) for the reported quarter, up from 2.78 billion francs a year earlier. Avolta's stock has climbed 23% since the start of the year, fuelled by investor confidence in its strategic diversification across various channels and regions, particularly amid uncertainty in the U.S. travel market. Amid Avolta's growth momentum, U.S. consumer confidence recorded its sharpest drop in nearly five years this April, marking the sixth straight monthly decline. This downward trend has been compounded by persistently high inflation and mounting concerns over the economic impact of potential tariffs, which are clouding the broader economic outlook. "While North America faced headwinds due to lower traffic volumes in Q1 2025, performance in other regions more than compensated," Chief Executive Officer Xavier Rossinyol said in a statement. "We are actively monitoring the geopolitical evolution, mitigating against potential impacts as needed with a continued focus on growth and profitability," Rossinyol added. In North America, core turnover for the quarter reached 991 million Swiss francs, up from 974 million francs in the same period last year. The region remains Avolta's second-largest market, accounting for 32% of the group's total turnover in 2024. ($1 = 0.8394 Swiss francs)
Forbes
07-05-2025
- Business
- Forbes
Eataly's First Units At A U.S. Travel Hub Will All Be At New York's JFK Airport
Eataly is coming to an airport near you (if you live in NYC). (Photo by Alex Tai/SOPA ... More Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images The Italian marketplace and high-end retail concept, Eataly—which now has 13 North American locations and over 50 stores worldwide—will open three units at John F. Kennedy International Airport this year, its first in a U.S. travel location. Landing at terminals 4, 5, and 8, the retail spaces will be operated by HMSHost, part of the world's biggest airport retailer Avolta, which has expanded its JFK footprint with contract wins at T5 (more on that below), awarded by concessions developer Fraport USA. Fraport was appointed by JetBlue, the primary airline tenant at the terminal. Eataly—majority owned (with a stake of 52%) by the well diversified European investment company Investindustrial—has plans for tailored spaces adapted to each terminal, in the same way that its three New York City locations in downtown, Flatiron and Soho have their own distinct look and feel. CEO of Eataly North America, Tommaso Brusò, described the three locations set for JFK as 'historic openings' because of the potential footfall; the airport served 63.3 million passengers last year. Brusò commented: 'We're excited to reach new audiences.' In a statement, Tyler Pitman, Avolta's senior vice president for concept development and brand partnerships in North America, added: 'Eataly is one of the quintessential culinary experiences of NYC and acclaimed success around the world. This makes it a wonderful addition to our food and beverage (F&B) program at JFK.' The Port Authority of New York and New Jersey, which oversees JFK Airport in the borough of Queens, has been very active in ensuring new retail and F&B at the gateway will lead to a positive transformation as part of a $19 billion revamp with four major terminal projects underway or completed, including the giant New Terminal One where Duty Free Americas recently won the core retail contract. Eataly is a new retail/dining model for the airport Eataly describes itself as 'the sole genuinely international Italian food retail company, serving as an emblem of Italian culinary artistry and, more broadly, the essence of Made in Italy.' The concept is popular, with locations in European cities like London and Milan, as well as several in the United States, proving successful. A rendering of how the JFK store will look in Terminal 8. Eataly/HMSHost Company sales hit €656 million ($744 million) in 2023 due to accelerated growth initiated by Investindustrial. The business is equally balanced between dining and retail, though geographically it is North America that is now the revenue driver with a 61% share in 2023. Having consolidated its presence in Europe, international development has also included the first Eataly-branded products and global expansion at some of the world's major cities. Recent openings have taken place in the United Arab Emirates, Japan, Turkey, South Korea, and Saudi Arabia. Meanwhile, HMSHost's parent Avolta secured two contracts at Terminal 5. The retailer's subsidiary, Hudson, has won a seven-year contract to launch a Manhattan-inspired retail store and T5's first video gaming lounge called Gameway. The other contract is a 10-year deal to revamp the terminal's dining experience through which HMSHost will debut six restaurants spanning more than 7,800 square feet, one of which is Eataly. The others are Benateri's, a deli experience featuring signature Italian sandwiches; Big Bourbon Bar NYC, showcasing locally sourced Hudson Whiskey NY; the Mexican flavors of Dos Toros Taqueria; and Chopt, best known for its fresh salads and house dressings. Steve Johnson, Avolta's president and CEO of North America, said: '2025 will be a landmark year for Hudson and HMSHost as we expand our retail and F&B operations in several terminals at JFK.'
Time Out
06-05-2025
- Business
- Time Out
Eataly is opening three new locations inside JFK Airport this year
Pack your passport and your appetite—Eataly is landing at JFK. The beloved Italian food emporium is bringing its signature pastas, pastries and prosciutto to three terminals at New York's busiest international airport later this year. That's right: Terminals 4, 5 and 8 will each get their own slice of la dolce vita, marking Eataly's first foray into a U.S. transit hub. The move is a bold one for the global brand, which already operates more than 50 outposts worldwide, including 13 in North America. For John F. Kennedy International Airport, which sees more than 60 million travelers pass through annually, it's a major culinary upgrade—turning pre-flight dining from a sad salad-in-a-clamshell experience into an espresso-sipping, focaccia-snacking affair. "As Eataly expands across the country and the world, we're excited to reach new audiences with historic openings like these at JFK,' said Tommaso Brusò, CEO of Eataly North America, in a statement. 'We look forward to providing an oasis where travelers can spend time to unwind and enjoy all that Italian culture has to offer.' The JFK locations will be tailored to each terminal, offering travelers distinct spaces to sip, shop and mangia. Whether you're grabbing a last-minute jar of truffle pesto, settling in for a bowl of cacio e pepe or just want a glass of Barolo before a red-eye, Eataly aims to deliver a full Italian experience, minus the passport stamp. The openings are in partnership with HMSHost, a division of global travel retail group Avolta. 'Eataly is one of the quintessential culinary experiences of New York City,' said Tyler Pitman of Avolta. '[This] will make a traveler's journey as exciting as their destination.' The announcement is part of a broader transformation of JFK into a more polished, globally competitive gateway (à la the recently refurbished LaGuardia), a goal championed by the Port Authority of New York and New Jersey. And with Eataly's arrival, travelers can now expect JFK to serve up a bit more amore with their layovers.
