|
|
Article: ITALY'S AUTOGRILL TO ACQUIRE WORLD DUTY FREE.(Autogrill S.p.A. to acquire World Duty Free Americas Inc.)
- Article from:
- WWD
- Article date:
- March 11, 2008
- Author:
CopyrightCOPYRIGHT 2008 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
Byline: Brid Costello
LONDON Autogrill has indulged in some duty free shopping. The Italian restaurant and retail company announced Monday it has agreed to acquire the World Duty Free Europe travel-retail operator and will increase its holding in Aldeasa, which operates stores in airports and museums, by 49.95 percent, giving it a 99.9 percent stake in that firm.
Autogrill claims the acquisitions will make it the world's largest travel-retail operator.
WDF is the retail division of the British Airport Authority, which was acquired by a consortium led by Spanish construction and transport services firm Ferrovial in 2006. Autogrill will buy the ...