INDIA. GMR Hyderabad International Airport Limited (GHIAL) has announced, via The Moodie Report, its intention to divest its 100% equity in Hyderabad Duty Free Retail Limited (HDFRL).
The airport company revealed its plans in an advertisement on The Moodie Report.com’s home page.
Here is that wording:
There is an opportunity for investment in the equity of Hyderabad Duty Free Retail Limited (HDFRL), a wholly owned subsidiary of GMR Hyderabad International Airport Limited (GHIAL). GHIAL proposes to divest its 100% equity in HDFRL.
DFRL is presently owning, operating and maintaining the duty free retail outlets at the Rajiv Gandhi International Airport at, Shamshabad, Hyderabad.
Interested parties meeting the following pre-qualification criterion may contact @ DF.HYD@gmrgroup.in, on or before the 27th February, 2012, along with proof of meeting the said criterion.
Pre-qualification criterion for the interested party :
1. Presently should be operating duty free outlets in a minimum of two international airports, with one such duty free operations in an international airport in Asia
AND
2. Collective gross annual revenue generated from the operations of duty free shops at these two international airports should be a minimum of USD 50 million as per its latest audited financial statements”
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Hyderabad Duty Free operates a large, recently renovated walk-through store in the International Departures Lounge |
THE MOODIE REPORT EDITORIAL BACKGROUND: Through Hyderabad Duty Free Retail Limited, GHIAL has been running the duty free operations at Rajiv Gandhi International Airport since June 2010 when the previous incumbent, The Nuance Group (India), exited the business.
NOTE:The Moodie Report India, part of our dedicated regional news section on this website, contains all stories on India’s travel retail industry dating back to early 2003. Click here for the archive.
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Arrivals sales account for around 70% of the retailer’s total duty free sales, with competitive pricing a key driver |
