Dufry
Dufry AG
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legal form | Corporation |
ISIN | CH0023405456 |
founding | 1865 |
Seat | Basel , Switzerland |
management |
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Number of employees | 36,606 |
sales | 8.685 billion CHF (2018) |
Branch | Retail trade |
Website | www.dufry.com |
As of December 31, 2018 |
The Dufry AG , based in Basel is a listed travel retailer . The company operates around 2,300 duty-free and duty-paid shops in 65 countries around the world at airports, on cruise ships, in seaports, train stations, city centers, airplanes, on ferries and at border crossings. In 2018, Dufry employed more than 36,000 people and generated sales of 8.685 billion Swiss francs. Dufry has a 24% share of the travel retail market.
history
The company was founded in 1865 as a retail store under the company name Weitnauer . In 1948, Weitnauer entered the duty-free business as a wholesaler. With the opening of its first duty-free shop in Paris in 1953, the company also began to operate as a retailer in this area. In 2003 the company was renamed Dufry and in the following year it was strategically realigned with travel retail as its core business. The wholesale business and non-core activities were sold. In December 2005 the company went public by means of an IPO .
In 2006, 2007 and 2008 Dufry made several major acquisitions abroad. This included the takeover of Brasif , the largest operator of duty-free shops in Brazil. With the Hudson Group , Dufry also took over a leading company in the North American market.
In 2014, the Swiss competitor Nuance was taken over for 1.55 billion Swiss francs. In 2015, Dufry took over the Italian company World Duty Free for 3.6 billion euros and thus expanded its stand in Europe and Asia.
The North American subsidiary Hudson Group went public in February 2018 .
The Chinese HNA Group acquired a 20.9 percent stake in Dufry in spring 2017, but reduced it to 3 percent in early 2019.
Web links
Individual evidence
- ↑ a b c Annual Report 2018. Retrieved on October 21, 2019 (English).
- ↑ Key Figures | Dufry. Retrieved March 28, 2017 (English).
- ↑ Company Portrait | Dufry. Retrieved March 28, 2017 (English).
- ↑ press release dated September 10, 2014 (Engl.)
- ↑ Sergio Aiolfi: Dufry takes over competitor World Duty Free: Position as world market leader strengthened . In: Neue Zürcher Zeitung . March 29, 2015, ISSN 0376-6829 ( nzz.ch [accessed on March 28, 2017]).
- ↑ "Dufry AG Announces Closing of Hudson Ltd.'s initial public offering" (English). Press release, Dufry AG. February 6, 2018.
- ↑ Sergio Aiolfi: the end of a ghost ride. In: www.nzz.ch. February 6, 2019, accessed February 18, 2019 .