The Moodie Davitt Report
Dermot Davitt and Martin Moodie
In a move certain to spur much interest among travel retailers worldwide, Aéroports de Paris has launched a major tender for a joint venture duty free and speciality retail partner at Paris Charles de Gaulle, Orly and Le Bourget airports.
The mega-tender covers around 140 stores including multi-brand and mono-brand outlets, with sales valued at around €750 million per year, based on the average annual turnover of these stores between 2017 and 2019. Aéroports de Paris estimates total sales of €9.4 billion over the ten-year term, starting from January 2023.
The airport company currently manages its duty free and much of its speciality retail activities under a joint venture with Lagardère Travel Retail.
