Martedì, 23 Ottobre 2018

Rome airports' duty free goes French


(ANSA) - Rome, September 28 - Rome airports company
Aeroporti di Roma (AdR) on Friday completed a deal to sell 100%
of its stake in AdR Retail, the company that manages its
duty-free services, to LS Travel Retail.
The buyer, a subsidiary of France's Lagardere Services
Group, acquired the business for 229.4 million euros.
The French company was chosen from among several top
international duty-free operators participating in the selection
process for its long-term investment plan.
It will operate eight duty free shops at Rome's two big
airports, Fiumicino and Ciampino, under a contract running until
The duty-free business at the two airports generated around
61 million euros in the first eight months of 2012.

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