TFWA Asia Pacific 2021 to take place in Hainan

The Tax Free World Association (TFWA) will hold next year’s Asia Pacific Exhibition & Conference in Hainan, China, for the first time. Last month, the TFWA confirmed that the next Asia Pacific Exhibition & Conference will be held from 9 to 13 May 2021, combining in-person and virtual events and networking opportunities for delegates. The show, which is usually held in Singapore, will take place in Sanya, Hainan, in 2021. The TFWA management committee made…

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Bowmore creates exclusive whiskies for Heinemann

Beam Suntory has partnered with duty free operator Heinemann to offer two exclusive single cask Bowmore whiskies at airports in Frankfurt and Istanbul. The new limited edition single malt whiskies, Bowmore 1995 and Bowmore 1997, have matured in first-fill Bourbon hogshead casks in the distillery’s No.1 Vaults, the oldest Scotch maturation warehouse in the world. Matured for 22 years, the Bowmore 1997 is limited to 236 bottles and will be available to buy from Heinemann’s…

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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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Covid-19 vaccine could see travel recover in six months

Once a Covid-19 vaccine is widely available, international travel could rebound in six months but business travel will remain suppressed, Mohit Lal, chair and CEO of Pernod Ricard Global Travel Retail, has said. Like many companies, Pernod Ricard has experienced a challenging year in global travel retail (GTR) due to the Covid-19 pandemic. The company’s full-year results, published in September, showed a double-digit decline in the channel. In an interview with The Spirits Business last…

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