USA. Lagardère Services company LS travel retail North America has acquired certain assets of Saveria USA, gaining it entry to 20,000sq ft of retail space at John F. Kennedy International Airport Terminal 4.
A leading speciality retail operator at Terminal 4 since 2002, Saveria USA, Inc. was founded by the Sardana family, who will partner with LS in a new JFK Terminal 4 venture.
“Following Saveria’s many years in Terminal 4 – a premier travel gateway into New York City – we look forward to working closely with JFKIAT and the Sardana family to take the shopping experience offered to Terminal 4 travellers to a whole new level,” said Dag Rasmussen, Chairman and CEO of Lagardère Services.
“By acquiring certain assets of Saveria USA, LS travel retail North America will bring its significant expertise to the benefit of Terminal 4’s concession programme and to the millions of passengers who pass through its doors each year.”
Gerry Savaria, President and CEO of LS travel retail North America, added: “Terminal 4 at JFK is a model for other airport terminals around the country. We are excited to begin this new part of the Saveria story and are eager to work with JFKIAT for many years to come.”
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Saveria USA operates a mix of speciality concepts at JFK T4 |
Terminal 4, operated by JFKIAT, LLC – the only non-airline, privately-operated terminal in the USA – is home to 28 airlines and features a host of leading retail brands.
Some of the 17 existing LS/Sardana shops include Tumi, Longchamp, Hugo Boss, Swarovski, Bijoux Terner, and Chocolate and More. LS plans to redevelop an additional 9,000sq ft into new speciality retail shops that will complement the existing offerings at Terminal 4.
“This new partnership with LS travel retail will ensure that Terminal 4 passengers have the most pleasant and efficient travel experience of any airport terminal in New York City,” said Gert-Jan de Graaff, President & CEO of JFKIAT. “With the help of this world-renowned company, travellers from all corners of the globe will continue to enjoy the brands and level of service offered by our tremendous retail partners.
“We thank the Sardana family for the strong partnership and commitment to offering passengers the best retail options and for contributing to JFKIAT’s success.”
Claus Kohlenberger, President of Saveria USA, Inc. added “We have the highest regard for the professionalism and dedication demonstrated by the LS team throughout the journey that led to the execution of this agreement and believe they will be a great fit with the excellent team at JFKIAT. This strong partnership shares a common thread: our passion for travel retail and commitment to serving passengers.”
The transformation of JFK Terminal 4 was the subject of a major review in The Moodie Report’s February/March Print Edition. Click here to access the issue (including a feature on Saveria USA) in digital format.
