The Estee Lauder Companies Q3 2023: Net sales drop 12 percent and EPS plummets 72 percent
The Estee Lauder Companies has reported its results for the third quarter of fiscal 2023. The US prestige beauty giant reported net sales of US$3.75 billion, down 12 percent on the prior-year period.
Korea’s duty free players see Q1 sales surge as the industry rebounds
Korea’s top duty free companies have all seen a strong Q1, thanks to more countries opening borders to visitors post-COVID, according to a report by Pulse News.
Dior opens new spa aboard the Belmond luxury Royal Scotsman train
Dior has opened a new spa carriage aboard the Royal Scotsman, a Belmond train, according to CLAD News.
Shiseido aims for growth in Hainan, China and travel retail business
Shiseido has announced its aim for further travel retail growth in Hainan, China as part of its medium-term ‘SHIFT 2025 and Beyond’ strategy.
LVMH Beauty names Matheo Dizel GM, Travel Retail Europe
LVMH Beauty has announced the appointment of Matheo Dizel to the new role of General Manager, Travel Retail Europe, according to a report published by Fashion Network. Dizel is stepping up from his current role of Travel Retail Europe at Parfums Christian Dior.
London City Airport becomes first major UK airport to abandon 100ml liquid carry-on rules
London City Airport has become the major UK airport to abandon the 100ml liquid carry-on rules, according to a report by Bloomberg.
La Prairie launches first beauty lounge at Sydney International Airport
La Prairie has launched its first beauty lounge at Sydney International Airport.
XWELL launches AI-powered express manicure at US-located airports
XWELL has debuted its AI-powered express manicure at John F. Kennedy International Airport (JFK) in New York City.
Lotte Duty Free loses bidding race for operational rights of duty-free stores at Incheon Airport
Lotte Duty Free has lost out in the first round of assessment of bids for the operational rights of duty-free shops at Incheon Airport, according to the Korea Herald.
Helsinki to end travel-sized bottle requirements
Helsinki is set to end travel-size bottle requirements by summer 2023, according to a report by YLE.
Coty names first Chinese Ambassador for Chloe fragrance
Chloe has appointed Guan Xiaotong as its new Fragrancde Ambassador for China and Travel Retail. The news was shared on Coty’s Instagram account and the actor’s Weibo account last month.
Bring back tax-free shopping; British Beauty Council lobbies UK Chancellor
The British Beauty Council has backed calls for the UK government to reinstate VAT-free shopping for international tourists amid claims that the re-introduction of the scheme could bring the treasury revenues of £350 million each year.
China Tourism Group Duty Free Corporation FY2022: profit plunges 47.95 percent
China Tourism Group Duty Free Corporation has reported its preliminary results for fiscal 2022, according to a report published by China Travel News. The parent company of China Duty Free Group saw profit plunge 47.95 percent yoy to CNY5.025 billion after the now-lifted COVID-restrictions wiped out travel for the bulk of the year.
L’Oréal teams up with Tripadvisor to boost travel retail
L’Oréal has partnered with Tripadvisor in a bid to drive awareness of the French beauty giant’s travel retail offer, according to a report published by TR Business.
Chanel expands travel retail presence; opens fashion and beauty spaces at Paris Roissy-Charles de Gaulle Airport
Chanel has expanded its travel retail presence by opening fashion and beauty spaces at Paris Roissy-Charles de Gaulle Airport, within Terminal One.
Hong Kong issues green bonds as China prepares to open borders
The Airport Authority of Hong Kong is offering a five-year green tranche as well as three-year, seven-year and 10-year notes to fund its planned expansion as China prepares to lift the travel restrictions that have been in place since the start of the pandemic, according to a report published by Bloomberg.
Dubai Duty Free sales reach US$1.73 billion in 2022; travel retail continues pandemic recovery
Dubai Duty Free has reported an annual sales increase in 2022 of 78 percent to Dh6.34 billion ($1.73 billion), according to a report by National News.
Benamor to supply products to TAP Air Portugal
Portuguese beauty brand Benamor has partnered with TAP Air Portugal and will supply the airline with toiletries for its business class amenity kits and lounge as well as hand soap for aircraft, according to a report published by Simple Flying.
Shilla Duty Free opens Gucci Beauty metaverse beauty class
Korean duty free chain Shila Duty Free is opening a Gucci Beauty metaverse beauty class, according to a report by Korea Economic Global.
The Estée Lauder Companies announces updates to the travel retail leadership team
The Estée Lauder Companies (ELC) has announced changes to its travel retail leadership team, with Alice Marvillet appointed as Senior Vice President, General Manager, Estée Lauder, Travel Retail Worldwide.
Duolab partners with Frasers Hospitality
Duolab has teamed up with Frasers Hospitality to provide a personalized skin care guest amenity offer for Fraser Suites.
Dufry Q3 2022: travel back in business with summer sales boost
Dufry has reported its results for the third quarter of fiscal 2022. The travel retail operator said that sales soared 58.6 percent yoy in the three months to September 30, 2022, to CHF 2115.2 million, bringing the nine-month total to CHF5.037.6, up 98.8 percent on the same period last year.
Air France and Clarins launch spa in JFK lounge
Air France and Clarins have teamed up to launch a new spa in the New York-JFK lounge. The new 30 sq m space is reserved for La Premiere, Business and Flying Blue Elite Plus customers.
L’Occitane launches new spa aboard the World Traveller ferry
L’Occitane has launched its new spa aboard the World Traveller from Atlas Ocean Voyages, according to a report by Cruise Industry News.
Ocado shares rise following deal with South Korean retailer Lotte Shopping
Sales in online grocer Ocado have soared after it announced a deal to build robotic warehouses for South Korean retailer Lotte Shopping, according to a report by the Guardian.
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