Schiphol and airport retailer Kappé have reached an agreement in principle that will see Schiphol take a 100% stake in the company, and therefore full ownership of the family business, as of 1 January 2024.
With the acquisition, Schiphol is taking the next step toward renewing the airport’s retail offering, with continued investment.
“Kappé has been one our commercial partners at the airport since 1950 and is part of Schiphol’s heritage,” said Arthur Reijnhart, Director Commercial at Schiphol.
“The perfume, cosmetics and sunglasses shops are an essential part of the retail offering at Schiphol.
“With this acquisition, we want to strengthen and update the stores so we can provide even better service to our passengers with an attractive range of products.”
Kappé sells perfumes, cosmetics, sunglasses and pharmacy products in 15 shops at Schiphol, including through its well-known retail concepts Perfumes & Cosmetics, Drugstore and Sunglasses.
The family-run business, led by Jacques Parson for many years, employees more than 300 staff.
A news statement released by Schiphol stressed that ‘continuity for the shops and for employees’ is key.
In the long term, the acquisition will pave the way for Schiphol to flexibly allocate the available square metres, with room for innovation and an ‘improved shopping experience for passengers’.
“It is with due satisfaction and pride that I look back on the 36 years I have directed Kappé,” said Jacques Parson, Owner of Kappé.
“To me, the employees have always been, and still are, key. Their hard work and loyalty have made Kappé what it is today: an essential household name at Schiphol.
“I am pleased that in Schiphol we have found a party that will secure the future of employees and the company.”
The acquisition is still subject to approval by the Netherlands Authority for Consumers & Markets and to the opinions of the works councils of both Kappé and Schiphol.