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Travel retail improves for Pernod Ricard but Middle East conflict augurs likely 2026 decline
Travel retail turned in a much-improved performance as French wines & spirits powerhouse Pernod Ricard today posted a groupwide -14.6% year-on-year fall in reported third-quarter net sales (+0.1% organic) to €1,945 million. Net sales for the first nine months ended 31 March declined -14.8% (reported) and -4.4% (organic) to €7,199 million. Global Travel Retail (GTR) […]
GMR Airports builds 66.93% stake in Delhi Duty Free after acquiring 49.9% share in US$20.3 million deal
INDIA. GMR Airports Limited announced yesterday (20 December) it has acquired 3,04,15,621 equity shares or 49.90% of the issued and paid-up share capital of its subsidiary Delhi Duty Free Services Private Limited (DDFS) from GMR Group-led consortium Delhi International Airport Limited (DIAL). Following the IR183 crore (US$20.3 million) deal, GMR Airports holds 66.93% of DDFS’ […]
Competition heats up in The Moodie Davitt Travel Retail Women’s Euro 2025 Predictor Competition
The second round of group stage games is complete and there has been quite the shake up to the leaderboard in The Moodie Davitt Report Predictor Contest, sponsored by Strange Nature.
