Coronavirus ‘great concern’ for travel retail

The Tax Free World Association (TFWA) said the coronavirus outbreak has had a “serious negative” impact on the travel retail industry but that it was working closely with members to offer support “at a time of great concern”. Though the TFWA said it remains “hopeful that the situation will soon stabilise and gradually improve”, it acknowledged the “widespread concern” within the duty free and travel retail sector as a result of the coronavirus outbreak. To…

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TFWA re-elects Alain Maingreaud as president

Alain Maingreaud has been re-elected as president of the TFWA for another year following a unanimous vote from the association’s board and management committee. The TFWA president is elected each year for a 12-month period, and voted for during a meeting between the TFWA board and management committee in December. Maingreaud was first elected TFWA president in December 2018 following the departure of Erik Juul-Mortensen, who held the role for 19 years. Maingreaud said: “I…

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Travel retail must address climate change or ‘appear arrogant’

The global travel retail channel must start to act on climate change or risk “appearing arrogant”, the TFWA president has warned. Speaking at the TFWA World Exhibition & Conference in Cannes, France, last week, Alain Maingreaud, president of the TFWA, stressed the importance of creating a sustainable industry across the travel retail and duty free channels. Maingreaud noted how recent protests by climate activists have given the issues surrounding sustainability greater prominence and stressed the…

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Key factors shaping global travel retail

The global travel retail market is in a unique position to capture the attention of billions of consumers. As well as opportunities, the sector also faces challenges, as we highlight in this report. Success in global travel retail (GTR) is inextricably tied to people’s ability to both travel and spend, and is therefore at the mercy of volatile external factors – whether Brexit, political riots or the spread of infectious disease. At the same time,…

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Pernod CEO: Headwinds can be ‘sources of opportunity’

The spirits industry will always be faced with challenges but if companies are diverse enough they will be able to “leverage these as sources of opportunity”, the CEO of Pernod Ricard has said. Speaking to The Spirits Business during the TFWA World Exhibition & Conference in Cannes, France, last week, Alxandre Ricard, Pernod Ricard CEO, commented on challenges facing the spirits industry in travel retail at the moment. When asked about Brexit, Ricard noted the…

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