How will travel retail cope with the fallout of Covid-19?

Global travel retail was one of the leading lights of the spirits industry. However, the Covid-19 pandemic hit the channel hard and the impact is expected to last for several years. The Spirits Business asks how the sector can adapt to survive the crisis. *This feature was originally published in the September 2020 issue of The Spirits Business Not a lot compares to the hum of excitement that vibrates through a busy airport terminal. Families,…

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Pernod Ricard travel retail sales plummet 64% in Q1

Jameson Irish whiskey owner Pernod Ricard experienced a 64% decline in global travel retail sales during the first quarter of its 2021 fiscal year as passenger numbers remain significantly down. Despite the hit on global travel retail (GTR) sales, Pernod Ricard alson noted the ‘positive impact’ of opening Hainan island, China, to duty free spirits sales. Overall, Pernod Ricard’s Q1 2021 sales were down 6% compared to the previous year’s quarter. However, the company said…

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Loch Lomond Whiskies unveils brand redesign

Scotch whisky producer Loch Lomond has revealed a complete brand overhaul including new packaging for both its domestic and global travel retail ranges. Loch Lomond Whiskies chose to invest in the brand refresh following five years of “strong business growth”, which has resulted in the brand ranking as one of the top five fastest-growing single malt brands in the world. The packaging has been updated to be more contemporary and now features simpler flavour descriptors…

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MEADFA cancels 2020 conference

The board of the Middle East and Africa Duty Free Association (MEADFA) has cancelled its 2020 conference due to the “severe economic impact” of the Covid-19 pandemic on the global travel retail sector. The MEADFA Conference had been scheduled to take place from 23-24 November in Dubai. MEADFA will instead launch a series of interactive online forums to support the travel retail industry in the Middle East and Africa, and beyond. The association will continue…

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Bacardi GTR names new marketing head

Ignacio Vázquez will move to the Bacardi Global Travel Retail team in July as global head of marketing. Vázquez will report directly to Vinay Golikeri, managing director, Bacardi Global Travel Retail, and will be based in London, UK. Golikeri said: “Ignacio brings a wealth of strategic, brand and customer experience across many consumer sectors and a range of geographies in complex and challenging markets. “A natural, broad-thinking leader with a strong track record of delivering…

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