Duty Free And Travel Retail News
- October 2023: Lagardère Travel Retail stated that it reached a master concession agreement with Société des Aéroports du Benin, a state-owned enterprise, to run duty-free travel essentials and food service activities at Cotonou International Airport, Benin.
- September 2023: Lagardère Paradies acquired Fly. The deal was due for closure in the fourth quarter of 2023, subject to several circumstances, including regulatory approval and consent from third parties. With this acquisition, Paradies Lagardère's dining footprint in North America is expanding, and its standing as a leader in this industry is further cemented.
- July 2023: Lagardère Travel Retail partnered with Inflyter to digitalize the duty-free shopping experience for more travelers and provide them with enhanced opportunities to browse and buy items ahead of traveling. This extended partnership supports Lagardère Travel Retail’s overall digital strategy to diversify digital sales channels and multiply touchpoints to engage customers throughout their journey.
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Related Travel Retail Industry News
- February 2024: DFS Group partnered with Douyin Life Service, a short video platform in China. The partnership aims to improve international travel retail shopping experiences.
- June 2023: DFS entered a strategic partnership with Ctrip Global Shopping and Unipay International. These partnerships aim to strengthen digitalization in the travel retail market.
- February 2024: DFS Group partnered with Douyin Life Service, a short video platform in China. The partnership aims to improve international travel retail shopping experiences.
- June 2023: DFS entered a strategic partnership with Ctrip Global Shopping and Unipay International. These partnerships aim to strengthen digitalization in the travel retail market.
- In October 2022, in order to connect all user interactions, whether they take place offline, online, in augmented reality, or even in the metaverse, the Central group launched the Next-Gen Omnichannel platform, which will encompass the Central Retail network in Thailand, Vietnam, and Italy.
- In February 2022, the fourth wave of the COVID-19 pandemic in HCM City caused several fluctuations in the supply chain of commodities, and modern retail businesses had to adapt by changing their distribution systems rather than continuing to play the traditional function of delivering items to customers on-site.
In April 2021, Singapore homegrown retailer Naiise has shut down after struggling to survive through the pandemic, with its owner Dennis Tay filing for personal bankruptcy.
- In February 2022, Element Six UK Ltd collaborated with II-VI Inc. Through this collaboration, II-VI licenses Element Six's intellectual property and necessary equipment would produce high-quality single-crystal diamonds to expand its core competency in diamond technology.
- In July 2021, Element Six UK LTD and the University of Warwick entered a partnership to develop the next generation of synthetic diamond-enabled technologies. Under this partnership, Element Six applied its renowned expertise and capabilities in advanced material solutions.
- June 2024: Capwell Industries introduced the first fortified rice in Kenya and potentially the entire African continent, enriched with essential vitamins B6, B1, B9 (folic acid), iron, and zinc.
- January 2024: The second AGGRi (AGGRi2) phase was launched in the Nanenane farm of the Tanzania Agricultural Research Institute (TARI)- Uyole. This phase continues the efforts to accelerate and modernize breeding programs as part of the Accelerating Genetic Gains in Rice (AGGRi) Alliance, which began in 2019.
- December 2023: The Multiple Harvest Rice for Africa (MHRA) project, supported by the Bill & Melinda Gates Foundation, was officially inaugurated at the Mbe station in Bouake, Cote d’Ivoire, by AfricaRice. The project's goal is to enhance rice production across the continent.
- May 2024: The African Union Commission was dedicated to strengthening the Africa Fertilizer Financing Mechanism to enhance food production. This commitment will enable the mechanism to invest in technologies that improve crop yields, initiatives that promote soil health, and infrastructure improvements. Such investments ensure better fertilizer availability and market access for farmers throughout Africa.
- December 2023: Bayer unveiled its new fungicide seed treatment, EverGol Energy, in South Africa, with availability set for farmers in 2024. This treatment targets both Fusarium spp. and Pythium spp. in maize and soybean crops.
- January 2023: K+S agreed to acquire a 75% stake in the fertilizer division of Industrial Commodities Holdings (Pty) Ltd (ICH), a trading firm based in South Africa. Following the signing of the agreement, the newly acquired entity will function under the name Fertiva (Pty) Ltd. This strategic move aims to bolster and broaden K+S's distribution reach in South Africa and East Africa.
- August 2024: SMT (Sahajanand Medical Technologies) successfully completed patient enrolment for the Tuxedo 2 clinical trial in India. This pivotal trial seeks to assess the efficacy and safety of the Supraflex Cruz Drug-Eluting Stent (DES) specifically in diabetic patients suffering from multivessel coronary artery disease (CAD).
- May 2024: Abbott launched its XIENCE Sierra Everolimus Eluting Coronary Stent System in India. As a cutting-edge addition to the XIENCE family, the XIENCE Sierra stent caters to individuals grappling with blocked coronary arteries.
- May 2024: WHO supported the procurement of diagnostic products and related laboratory items for the diagnosis and management of many communicable and non-communicable diseases including Dengue infections.
- October 2023: UNICEF delivered dengue testing kits to hospitals across Bangladesh, including Shaheed Ahsan Ullah Master General Hospital, through the Centre for Disease Control (CDC) under the Directorate General of Health Services.
- March 2023: Universal Matter UK Limited, a wholly-owned subsidiary of Universal Matter Inc., announced the acquisition of Applied Graphene Materials UK Limited and Applied Graphene Materials LLC, the principal operating subsidiaries of Applied Graphene Materials PLC. Through the acquisition, the company has strengthened its market presence.
- February 2023: Global Graphene Group announced that Honeycomb Battery Company, an advanced battery technology subsidiary of Global Graphene Group Inc., signed a business combination agreement with Nubia Brand International Corp. to develop battery materials. Honeycomb Battery Company is expected to use graphene produced by the Global Graphene Group.
- August 2022: Universal Matter entered a three-year collaborative innovation agreement with the ChemQuest Technology Institute. Through the agreement, the company has strengthened its growth and validation of Universal Matter’s graphene technology based on sustainable feedstocks.
