The TRBusiness 60 second news update brings you the top stories for 27 September.

 

Dufry confirms 51% FFG talks

 

The Dufry Group confirmed this morning that it is in advanced negotiations to take a 51% share in the Folli Follie Group’s travel retail business.

 

The company added that ‘Dufry shall proceed to official announcements according to the law’, which suggests that this deal is more or less ‘done’ barring any unforeseen circumstances.

 

Read more… http://bit.ly/NMhYC6

 

CDN border stores outperform airports in August

 

The Frontier Duty Free Association reports a 2.8% increase in Canadian airport duty free sales for August 2012 to $22.7 million.

 

Overall, the national land border duty free sales figure for August 2012 reached $19.3 million. This is a 13% increase in sales compared to August 2011.

 

Read more… http://bit.ly/PmZqFO

 

Japan’s loss could be Korea/Taiwan’s gain

 

South Korea and Taiwan look set to benefit most, as Chinese tourists originally bound for Japan switch destinations, following the ownership argument over the Senkaku Islands.

 

A total of more than 50,000 Chinese flight cancellations on Japan Airlines and All Nippon Airways have been reported so far, while the tourism authorities in Taiwan are predicting that around 80,000 Mainland Chinese – four times the normal level for this time of year – are expected to visit Taiwan around and during the Golden Week holiday period, which finishes on October 8.

 

Read more… http://bit.ly/QlhNOA

 

I hope you enjoy the latest video.

 

Editor, Charlotte Smith.