LSTR acquires ADR Retail

By Charlotte Turner |

LS travel retail has taken on the ownership of ADR Retail and the operation of eight duty free/duty paid stores at Fiumicino and Ciampino airports in Rome.

 

Both Italian antitrust authorities and ADR funding institutes have approved the acquisition and ADR Retail will change its name on 1 November to LS travel retail Roma.

 

The 3,100sqm area will specialise in alcohol, tobacco, perfumes & cosmetics, gourmet food and souvenirs with a view to expand the space in 2013 to 4,800sqm.

 

In 2013, all stores will be rebranded Aelia Duty Free – the multi-categories travel retail concept developed by LS travel retail.

 

AELIA DUTY FREE CONCEPT

LS travel retail Roma’s Managing Director Séverine Lanthier says: “I am delighted to contribute to the development of duty free and luxury commercial activity in Rome airport.

 

“The quality of the teams already in situ, the increase of the surface areas which will soon be generated, as well as the know-how contribution of LS travel retail, together with the multiple attractions of the Aelia Duty Free concept, will enable us to successfully meet the challenge which is being offered to us.”

 

Lagardère Services’ Chairman and Chief Executive Officer Dag Rasmussen says: “I would like to thank ADR for the professional and transparent process which accompanied the acquisition and transfer of ADR Retail.

 

Fiumicino AirportEUROPEAN STANDARDS

“I am happy and proud that the Board of Directors has chosen LS travel retail to reinforce the airport commercial activity and thus to actively take part in the development that Rome airport deserves. We will do our utmost to warrant the trust they show in us.”

 

[Right: Fiumicino Airport, Rome]

 

Lorenzo Lo Presti, CEO of Aeroporti di Roma adds: “We are pleased to begin a partnership with a successful company such as LS travel retail. Thanks to this company’s expertise and the international network of the Lagardère Services Group which it is part of, we will be able to upgrade our retail spaces to the highest European standards, bringing us up to the same level as airports like London, Madrid and Amsterdam, both in terms of the number of square metres offered per passenger and in the quality of what we offer.

 

“This deal is a key step towards the achievement of ADR’s development targets and allows the company to free resources so that it can focus all its efforts and attention on the ambitious investment plan amounting to €12.1 billion from now until 2044, of which €2.5 billion will be invested in the next ten years.”

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