The TRBusiness 90 second news update

By Charlotte Turner | Wednesday, 25 March 2015 23:15

Shilla appoints ex-Nuance CEO Roberto Graziani to Board

Following hot on the heels of Hotel Shilla’s move to take a 44% stake in inflight concessionaire DFASS, the Korean travel retailer has appointed ex-CEO of Nuance, Roberto Graziani to its Board – and made him Vice Chairman of the newly-created joint venture with DFASS…read more…

Hotel Shilla agrees to pay $104.8m for 44% DFASS Inflight stake

South Korea’s second largest travel retailer, Hotel Shilla, has agreed to buy a 44% stake in US-based inflight duty free retailer, DFASS Group for $104.8m as part of a broad strategic partnership to enable it to become a global leader in the DF&TR channel. Shilla has also confirmed it has a future call option to acquire a majority holding in DFASS, according to Hotel Shilla’s investment department…read more…

IIAC awards three new SME duty free contracts

Incheon International Airport Corporation (IIAC) has today announced the results of its second round of tenders for four duty free concessions (DF9, DF10, DF11 and DF12) reserved for small and medium enterprises (SMEs)…read more…

Official China’s Century magazine now online

For all those who did not attend this year’s excellent China’s Century Conference in Shanghai, the official TFWA CCC magazine is now available to read online via TRBusiness.com...read more…

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