Thom Rankin.

TRBusiness is saddened to learn that well-respected travel retail industry executive Thom Rankin has passed away following a short illness.

The news was shared by Tax Free World Association (TFWA) this afternoon.

Rankin was a member of the TFWA management committee for a number of years and also served on the board for several years, with responsibility for conferences and research.

“It is with deep sorrow that I learned of the passing of Thom,” said TFWA president Philippe Margueritte.

“Alongside former TFWA president Erik Juul-Mortensen, I, the TFWA board, management committee and permanent team would like to extend our heartfelt condolences to Thom’s family and loved ones.

“Thom will be remembered as a loyal, committed and proactive member of our association, as well as a long serving vice president. His dedication and contributions will not be forgotten.”

Erik Juul-Mortensen, who worked with Thom for more than a decade said: “Thom was a much-valued member of the global duty free and travel community, who was well respected by all.

“Under his tenure, TFWA’s conference and research programme was developed into an essential resource that still stands its members in good stead. He truly embraced the spirit of our industry, and was fully devoted to ensuring that TFWA fulfilled its promise to be ‘by the trade, for the trade’.”

TRBusiness extends its sincere condolences to Thom’s family and friends.

“Thom was a genuine gentleman within the travel retail industry, and I had the privilege of knowing him for decades,” said Nigel Hardy, Co-Owner and Joint CEO of TRBusiness.

“His wisdom, warmth and unwavering integrity earned the deep respect of his colleagues during his time at TFWA, as well as that of clients around the world.

“He was both a thoughtful listener and trusted advisor, leaving behind a legacy of professionalism and kindness that will be long remembered. Rest in peace, Thom.”