Avolta

Avolta AG (until November 2023: Dufry AG) is a Swiss-based travel retailer that operates duty-free and duty-paid (specialty retail) shops and convenience stores in airports, cruise lines, seaports, railway stations, and central tourist areas. The company, headquartered in Basel, employs almost 75,000 people and operates in over 75 countries worldwide. It is publicly traded on the SIX Swiss Exchange.

Avolta AG (until November 2023: Dufry AG) is a Swiss-based travel retailer that operates duty-free and duty-paid (specialty retail) shops and convenience stores in airports, cruise lines, seaports, railway stations, and central tourist areas. The company, headquartered in Basel, employs almost 75,000 people and operates in over 75 countries worldwide. It is publicly traded on the SIX Swiss Exchange.

Retail brands

The company's retail brands are: Hudson World Duty Free Autogrill (primarily a food service operator) Host Hellenic Duty Free Shops RegStaer Colombian Emeralds Duty Free Uruguay Duty Free Shop Argentina In addition, Dufry is also used as a brand name for some general travel retail shops.

History

The company owns stores at airports, railway stations and ports, and operates concessions onboard airlines and cruise ships. By August 2017, the Chinese HNA Group, which declared bankruptcy in 2021, had acquired a 20.92% stake in Avolta, worth more than $1 billion. According to the Dutch OSINT platform Datenna, HNA Groups's stake in Avolta led to a medium risk of state influence on Avolta by the Chinese government. HNA Group's airport division was acquired by Hainan Development Holdings on 24 December 2021. However, HNA reduced their share to 3% in 2019. On 24 October 2023, Dufry announced it was entering a strategic partnership with Hubei Airport Group, a Chinese based air transportation support company. The deal allows Dufry to operate as the Terminal 2 master concessionaire overseeing 77 shops at Wuhan Tianhe International Airport, China’s fourteenth busiest airport. Dufry's name was changed to Avolta AG on 3 November 2023, after a 99.8% approval by shareholders during an Extraordinary General Meeting convened following the fusion with Autogrill. Through its investment vehicle, Edizione Holding S.p.A., the Benetton family is the largest shareholder of Avolta, holding 22.17% of outstanding shares.

Location

Some of the principal locations of the company are: Tunis Carthage Airport, Tunis (Tunisia) Zurich Airport, Kloten (Switzerland) EuroAirport Basel Mulhouse Freiburg, Basel (Switzerland) Sabiha Gökçen International Airport, Istanbul (Turkey) Zvartnots International Airport, Yerevan (Armenia) Shirak International Airport, Gyumri (Armenia) Vancouver International Airport, Vancouver (Canada) Las Americas International Airport, Santo Domingo (Dominican Republic) Melbourne Airport, Melbourne (Australia) Ministro Pistarini International Airport, Buenos Aires (Argentina) Guarulhos International Airport, São Paulo (Brazil) Kempegowda International Airport, Bangalore (India) Mexico City International Airport, Mexico City (Mexico) Malpensa International Airport (Italy) All of Milan's railway stations (Italy) Jorge Chávez International Airport, Lima (Peru) Sharjah International Airport (United Arab Emirates) Mohammed V International Airport, Casablanca (Morocco) Sheremetyevo International Airport, Moscow (Russia) El Dorado Airport, Bogotá (Colombia) Siem Reap International Airport (Cambodia) Phnom Penh International Airport (Cambodia) Hong Kong West Kowloon railway station (Hong Kong) P&O Ferries (United Kingdom) Wuhan Tianhe International Airport (China) Shanghai Pudong International Airport (China)

See also

List of duty-free shops

References

External links

Dufry annual report

Text derived from https://en.wikipedia.org/w/index.php?oldid=1369487214 under CC BY-SA 4.0; modifications have been made.