Dufry wraps up 60% purchase of RegStaer Vnukovo; builds in Russia

By Luke Barras-hill |


Dufry took a 60% stake in RegStaer Vnukovo in June.

Dufry Group has consolidated its presence at Russia’s airports with the closing of the acquisition of RegStaer Vnukovo.

The globe’s leading travel retailer took a 60% stake in RegStaer Vnukovo, which runs duty free and duty paid shops at the country’s third largest airport by passenger volume, in June.

Full absorption of the new entity into the Dufry portfolio will complete this month.

RegStaer’s operations at Vnukovo International Airport span more than 30 stores covering core categories and fashion and accessories over a footprint exceeding 6,800sq m.

It has a long-term concession until 2035 and accrued revenue of €58.8m/$69.4m in 2018.

Dufry is already active at Sheremetyevo and Domodedovo Airports in Moscow and at St Petersburg, Sochi and Krasnodar.

In a statement, Dufry says the acquisition of RegStaer Vnukovo ‘will allow it to extract operational efficiencies through the integration of the management offices of its operations in the Moscow area’.

It took a 51% share of the RegStaer Group in 2012.



Heinemann anticipates another €1bn year at IST

Retail has boomed at Istanbul Airport (IST) and the momentum is set to continue this year, even...


MAN 'very sorry' after power spike cancels flights

Manchester Airport (MAN) Managing Director Chris Woodroofe has issued an apology to passengers...


Vantage rebrands as airports manager and investor looks to the future

Vantage Airport Group (Vantage) has announced a corporate rebrand to Vantage Group. The...

image description

In the Magazine

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

E-mail this link to a friend