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INTERNATIONAL. Welcome to The Moodie Report PLUS, our popular feature series sent via PDF to the entire readership of The Moodie Report.
PLUS, published just eight times a year, focuses only on the industry’s biggest stories. And they don’t come any bigger than last week’s dramatic news that Italian catering-to-retail giant Autogrill had not only won the bidding contest for World Duty Free but that it was also acquiring the near 50% balance of Spanish travel retailer Aldeasa that it did not already hold.
Combined with its earlier purchase of 50% in Aldeasa and the 2006 acquisition of Alpha Airports Group, Autogrill’s near €1.1 billion investment last week represents the biggest consolidation play in travel retail history. In this edition we consider the impact of the new ‘supergroup’, look at the likely synergies between Aldeasa, Alpha and World Duty Free, and examine what we believe is inevitable further consolidation in the sector.
A leading analyst discusses the full price paid by Autogrill for World Duty Free, and we look back on the ‘great experiment’ that World Duty Free as an in-house retailer at British airports represented.
It’s a fascinating story. Autogrill CEO Gianmario Tondata Da Ruos talks about having created a ‘new game’ in the global airport services market. Kick-off is imminent.
We hope you enjoy this edition of The Moodie Report PLUS.
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MORE STORIES ON AUTOGRILL
Autogrill wins race for World Duty Free in blockbuster US$1.1 billion deal – 09/03/08
Decision imminent on World Duty Free as three front-runners fight it out – 06/03/08
The Moodie Reportfolio: Misr Duty Free Shops continues its outstanding share performance – 05/03/08
