Paris Aéroport issues travel essentials stores tender for stake in joint venture

By Luke Barras-hill |

Paris Aéroport has launched a tender seeking a joint venture partner to operate travel essentials and convenience retail operations at Paris Charles de Gaulle and Paris-Orly Airports, TRBusiness can report.

The successful company would acquire a 50% stake in Groupe ADP-controlled Extime Travel Essentials Paris and oversee the design, fit-out, maintenance and operation of approximately 65 stores, according to a tender notice posted on the EU’s official Tenders Electronic Daily (TED) journal.

These are to be located in the public and restricted areas of Paris Charles de Gaulle and Paris-Orly Airports, operated by brands selected by the partner and validated by Paris Aéroport, which is the trading fascia for Groupe ADP at Paris Charles de Gaulle, Paris-Orly and Paris-Le Bourget Airports.

Ten-year contract

The concession covers the following sales categories: books, press, gifts, souvenirs and toys, convenience and snacks, technical and telephony-related products, travel accessories, hygiene products and lottery games.

The deadline for applications is 15 March at 17:00 (Paris time).

The concession duration runs from 1 February 2024 until 31 January 2034 and is valued at an estimated €2,000,000,000 (excluding VAT) over the course of the contract’s tenure.

Upon selection, the co-partner in the JV will be expected to co-finance the development of Extime Travel Essentials Paris by optimising profitability and deploying a high-quality service offer.

The 50% JV partner will play an active part in the management of Extime Travel Essentials Paris, which remains under the exclusive control of Paris Aéroport. Pictured is Extime Duty Free, the joint venture between Groupe ADP and Lagardère Travel Retail that crowned its presence at the new-look Terminal 1 at Paris CDG earlier this month.

Interested parties must have a minimum annual turnover of €100 million and demonstrate evidence of financial capability to operate and develop similar stores to the ones included in the tender.

They must also possess experience operating travel essentials stores in a restricted area of at least one EMEA airport (Europe – EU and non-EU, Middle East and Africa) with an annual traffic level in excess of 20 million passengers (departures and arrivals).

Candidates are obliged to sign a non-disclosure agreement before receiving tender documents, which are to be returned to Paris Aéroport by 28 February at 17:00 (Paris time) at the following address: [email protected]

“In the context of the launch of its new franchise brand ‘Extime’, ADP is launching the travel essentials tender, looking for its new shareholder for the next 10 years,” Aude Ferrand, Chief Retail Officer, Groupe ADP told TRBusiness today.

READ MORE: Ready, set, Extime: JV comes to life at Paris CDG T1

READ MORE: Lagardère TR seals JV with Groupe ADP as all eyes turn to Extime

READ MORE: Paris CDG reopening T1 ‘symbolic’ says Groupe ADP

READ MORE: Lagardère: Extime JV signals ‘new chapter’ in Paris

Main image: The Relay fascia of incumbent Lagardère Travel Retail.

International

NOW LIVE: January ezine + landmark Annual Survey

The TRBusiness January 2024 ezine, containing the flagship Global Industry Survey, is now...

International

Harding+ announces departure of Chief Brand and Culture Officer Sue Gosling

Harding+ Chief Brand and Culture Officer Sue Gosling has stood down from her...

International

Global Travel Retail Awards 2024: Entries now open!

TRBusiness is delighted to announce that entries to the consumer-voted Global Travel Retail...

image description

In the Magazine

TRBusiness Magazine is free to access. Read the latest issue now.

E-mail this link to a friend