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Dufry inks duty-free contracts in Brazil

RBR Staff Writer Published 05 September 2013

Dufry, a global travel retailer, has inked 10-year long-term contracts in the Brazilian cities of São Paulo, Brasilia, Viracopos and Natal to operate duty free and duty paid spaces.

The deal will expand Dufry's duty-free retail presence in Brazil by 19,702m², which is more than three times the scale of its operations before the airports were privatized in Brazil.

The new duty-free contracts will be operated through a joint venture, which is poised to become the new platform for Dufry to operate its duty-free business in the country.

Dufry Group CEO Julian Diaz said: ""With these new agreements, Dufry has been successful in establishing strong partnerships with all the three airports privatised in 2012, and teaming up with an experienced local partner is the basis to further develop a solid long-term business."

Dufry has signed these agreements at a time when the air traffic in Brazil is witnessing rapid growth. The expansion of airports with increased duty-free space is expected to speed-up the development of the Brazilian business.

Dufry also opened a duty-paid shop in Goiânia.

Headquartered in Basel, Switzerland, Dufry operates around 1'400 duty-free and duty-paid shops in airports, cruise lines, seaports, railway stations and downtown tourist areas.