SPAIN/PERU. Aldeasa, the powerful Spanish travel retailer, has signed a long-term commercial agreement with the airport operator Lima Airport Partners (LAP), to run the duty free shops at the new Jorge Chávez International Airport in Lima until 2011.
The contract has an automatic extension to 2017 subject to satisfactory performance.
LAP’s controlling interests are held by Frankfurt Airports AG and Alterra-Partners.
In a statement Aldeasa said it would also be signing a contract authorising it to manage the duty paid outlets at the airport.
Aldeasa will be allocated six new retail spaces in the new airport where the retailer will invest approximately US$2 million “in order to incorporate the most innovative and functional designs in keeping with the modernisation programme that is being carried out at the airport”. Aldeasa will have 1,400sq m of available retail space for the exclusive sale of perfumery products, tobacco, spirits, foodstuffs and electronic goods.
Aldeasa added: “Following its total renovation, which has involved an investment in excess of US$200 million dollars, Lima Airport will become the hub for flights serving the entire Pacific coastline of Latin America and the flagship symbol of Peruvian progress.”
MORE STORIES ON ALDEASA
Aldeasa extends in Madeira – 08/06/04
Aldeasa Jordan launches new perfumery store as first quarter sales surge forward – 02/06/04
Aldeasa pays extraordinary dividend – 27/05/04
Global recovery drives Aldeasa first quarter results – 13/05/04
