Padraig Drennan, Chief Operating Officer and President, Stellar said: “Avila’s stores and reputation of operational excellence are highly complementary to our portfolio.

“With this acquisition, we are ideally positioned to expand the Stellar experience with substantial growth and an established investment in the future. We look forward to the new opportunities this union brings to our guests and the travel industry.”

John and Kathleen Avila established Avila in 1990 and the business today is recognised for developing concepts such as Mosaic, Earth Spirit and Indigenous that put a strong emphasis on local artists and jewellers.

Mosaic sells a range of paintings, prints, photography, jewellery, pottery, wood, art glass and sculptures.

As a result of the deal, Stellar and Avila will provide an extensive portfolio of exclusive brands plus decades of operating expertise to airports across North America.

Most recently, Stellar opened its third Stellar Bay news and convenience outlet at Tampa International Airport.

Earlier this year, it won a 10-year retail contract at Phoenix Sky Harbor International Airport – where Avila also has a presence – as part of its Terminal 3 modernisation programme.

Stellar’s portfolio now covers more than 60 stores located in 14 airports.