The latest win for LS travel retail goes to its Europe, Middle East & Africa (EMEA) division after it closed its strategic JV partnership with Servair, the world’s third largest inflight catering and F&B operator.
The 225sqm multi-store – which will operate under the Aelia Duty Free brand – will offer spirits, perfumes and cosmetics, tobacco and confectionery, as well will as a host of local products such as local rums and punches.
Vincent Romet, chief operating officer of LS travel retail EMEA, welcomed the new contract and the consolidation of the partnership with Servair.
“We are proud and delighted to be selected by SA Aeroport de La Réunion Roland Garros to operate the Duty Free store," says Romet.
"In addition, the partnership with Servair is ideally suited to optimising this opportunity at Roland Garros and provides a powerful platform to launch our shared growth ambitions in the Indian Ocean and Africa.”
LS travel retail and Servair have a long-established relationship, notably through an existing JV in the inflight sector.
Located east of Madagascar, Réunion's gateway handled two million passengers last year – 300,000 more than in 2010.
The airport has ambitious development plans to upgrade its facilities to one day make it possible to handle aircraft up to the size of the A380.
Elsewhere, LS travel retail has consolidated its position in the Czech Republic by acquiring the duty free assets of Unimex at Prague Ruzyne International Airport.
Unimex's 15 duty free outlets at the airport generated €24 million in sales in 2010.
Commenting on the deal, Romet says: "Wherever we have undertaken new contracts and locations we have displayed a proven record in achieving significant increases in sales performance, and we are fully confident that we can deliver similar success in our expanded presence at Prague Ruzyne."