INTERNATIONAL. Duty Free Americas owner Falic Group has announced an acceleration of its global expansion efforts as it embarks on what it terms a “bold new growth phase”.
The company, which already has a broad presence in travel retail, luxury goods and distribution, said its strategic plan includes entering new travel retail channels—rail, cruise and diplomatic—while extending its reach into high-growth markets across the Middle East, Africa, Europe and the Americas.
The expansion will be supported by new distribution hubs and the formation of strategic partnerships with leading industry players in travel retail, it added.
As part of the expansion, Falic Group has launched UETA MEA, aimed at strengthening distribution across the Middle East and Africa. Through UETA MEA, Falic group said it aims to establish itself as a global supplier to diplomats worldwide.
The group said: “UETA MEA will also provide 24/7 support to diplomats, offering an extensive range of premium products, including wines, spirits, fragrances, cosmetics and household items, along with fulfilling various diplomatic requests.
“The company’s global distribution network will ensure timely and efficient delivery tailored to the unique needs of diplomats.”
The move extends the long-established Falic Group-owned UETA distribution operation in the Americas. A 150,000sq ft Latin American Distribution Center at the Colon Free Zone in Panama serves as the logistical hub for the region.
Falic Group is also soon to announce three major strategic partnerships with leading travel industry players that will enhance its global expansion. These partnerships will focus on advancing operations in the cruise sector, improving border-related functions, introducing new market alliances, and establishing a new distribution platform in Europe to support new business opportunities, it said.
Falic Group President Leon Falic stated: “As a long-standing family business, we are dedicated to forging enduring partnerships with those who share our vision. Our global expansion efforts are focused on pursuing the right channels, markets and partners.
“By aligning ourselves with industry leaders and bringing on top talent, we are setting the stage for long-term success. While we are excited to share more details, we are not ready to reveal everything just yet. Stay tuned for exciting updates as our expansion continues to evolve.”
*More on Falic Group’s ambitions for expansion appear in The Moodie Davitt Magazine for October, mailed to our digital subscriber audience in coming days, with hard copies available at TFWA World Exhibition. ✈
