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  • Pages
  • Editions
01 The Moodie Davitt eZine 325
02 ELC – Dr.Jart+
03 Contents
04 ELC – Bobbi Brown
05 ARI Column
06 Elizabeth Arden
07 Elizabeth Arden Column
08 Nestlé
09 Top Travel Retailers: Introduction
10 Shiseido
11 Top Travel Retailers: China Duty Free Group
12 Cabeau
13 Top Travel Retailers: Dufry Group
14 INCC
15 Top Travel Retailers: Lotte Duty Free
16 Duty Free Americas
17 Top Travel Retailers: Lagardère Travel Retail
18 PMI
19 Top Travel Retailers: Shilla Duty Free
20 Bath & Body Works
21 Top Travel Retailers Conclusion
22 Lotte Duty Free
23 Melbourne Airport 1
24 Beam Suntory
25 Melbourne Airport 2
26 Nuxe
27 Travel Retail Highlights 1
28 Lego
29 Travel Retail Highlights 2
30 King Power
31 Travel Retail Highlights 3
32 Dufry
33 Travel Retail Highlights 4
34 Perfumist
35 Travel Retail Highlights 5
36 FAB
37 Travel Retail Highlights 6
38 Koma Karanth
39 Travel Retail Highlights 7
40 Subscriptions

The World’s Top Travel Retailers Report (continued)


Lagardère Travel Retail

2022 Sales (million)

€4,263

2022 Rank

4

Movement

△2

Lagardère Travel Retail posted €5,200 million in managed turnover across its three business lines in 2022, including joint-venture revenues and those from its important food & beverage division. Excluding the F&B component (€937 million), the figure for retail alone stands at €4,263 million, placing the company fourth in our rankings. Crucially, the Lagardère Group division also moved back into profit.

Revenues swung back to around -10% behind 2019 levels across a well-balanced portfolio. Duty free & fashion accounted for 38% of sales (35% in 2021), travel essentials 39% (43% in 2021) and food service 23% (22% in 2021).

Encouragingly, the momentum has continued in 2023, with all regions except France reaching revenues in Q1 on par with or ahead of the same period in 2019. North America and EMEA performed well, while Asia Pacific performance has accelerated from a low comparable base in Q1 2022.

There, China remains a key focus market, one in which the group has built a strong network in duty paid stores across air and rail channels.

*Full commentary appears in our July/August Magazine.

The company's partnership with ADP for the Extime Duty Free business at Paris Charles de Gaulle and Orly is a cornerstone of its Europe operations

Partner's message

The Moodie Davitt eZine

Issue 325 | 2 August 2023

The Moodie Davitt eZine is published 14 times per year by The Moodie Davitt Report (Moodie International Ltd). © All material is copyright and cannot be reproduced without the permission of the Publisher. To find out more visit www.moodiedavittreport.com and to subscribe, please e-mail kristyn@moodiedavittreport.com

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