Following a competitive tender, Lagardère Capital – a joint venture between Lagardère Travel Retail and Abu Dhabi Capital Group – has been awarded the contract to operate nine food and beverage units at the new Midfield Terminal Building (MTB) at Abu Dhabi International Airport.

 

As previously reported, it was Ireland’s Aer Rianta International (ARI) and Lagardère Capital, which won the core duty free and travel retail concessions at MTB last year. The contracts run from December 2017 for 10 years.

 

The new F&B contract for Lagardère Capital further strengthens the JV’s position at the airport, which registered a record 23.3m passengers in 2015.

 

Dag Rasmussen, Chairman and CEO of Lagardère Travel Retail added: “Lagardère Capital is extremely proud to be awarded a significant part of the Midfield Terminal Building Food & Beverages concession.

 

 

PROOF OF SUCCESS IN ABU DHABI

“This award is a mark of confidence from Abu Dhabi Airports and a proof of the success of our development strategy in Abu Dhabi, originally in duty free and as of today in food and beverages. It is also a proof of the professionalism of our partners, who took a very active part in this achievement.”

 

The 2,388sq m of F&B space, to be operated by Lagardère Capital (announced yesterday) will be spread across four units located in the main departure halls (landside and airside) and five units at the piers.

 

In addition to operating franchised brands, Lagardère Capital will operate owned brands, and tailor-made concepts created especially for Abu Dhabi Airport.

 

“Lagardère Capital is honored to have been selected by Abu Dhabi Airports as one of the Food & Beverage operators for the Midfield Terminal Complex in Abu Dhabi,” said Jassim Alseddiqi, Board Member of Abu Dhabi Capital Group. “We have created a bespoke vision for Abu Dhabi Airports: “Bringing Abu Dhabi to the World”.

 

“Our mission for the Food & Beverage concession will be to enable passengers using the Midfield Terminal Building to discover world-class hospitality by delivering a memorable foodservice experience consisting of tailor-made Emirati concepts, partnerships with celebrity chefs as well as world renowned brands.”

 

JOINT VENTURE EXPLAINED

Abu Dhabi Capital Group (www.adcg.ae) is a private institutional investment house based in Abu Dhabi, United Arab Emirates, which has investments across various asset classes, industries and geographies.

 

Lagardère Travel Retail, one of the four divisions of Lagardère Group, operates 4,000 stores across Travel Essentials, Duty Free and Foodservice in airports, railway stations and other concessions in 30+ countries worldwide. The division generated sales of €3.5bn in 2015.