Our regular feature, brought to you in association with Duty Free Global from Ireland, celebrates memorable scenes, moments, launches and campaigns related to the global aviation and travel retail sphere.
INDIA. Today’s selection of images comes from the National Stock Exchange of India (NSE) in Mumbai, where on an historic day food & beverage and lounge services provider Travel Food Services (TFS) began trading in line with its much-anticipated initial public offering (IPO).
TFS is a joint venture between SSP Group and the Kapur family-led K Hospitality Corp.
SSP CEO Patrick Coveney said, “We are pleased to see the successful IPO of TFS in India, which marks an important milestone for our joint venture. We believe that the market potential in India, combined with TFS’s economic model and market leadership, provides a compelling opportunity to deliver growth and returns for the Group.
“We look forward to continuing to partner with K Hospitality to support TFS post-listing.”
TFS CEO and Managing Director Varun Kapur added, “Enabled by a valued joint venture partnership between SSP and K Hospitality since 2016, I am proud of the significant position we have built in the large, exciting and fast-growing Indian travel market.
“Building on this strong platform, the IPO today sets us up for our next stage of growth and to go on to create further value for all our stakeholders. The entire team looks forward to continuing to develop the potential of TFS as we begin this new chapter for the company.”
Look out for Dermot Davitt’s interview with SSP CEO Patrick Coveney and TFS Managing Director and CEO Varun Kapur coming soon. ✈
