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NEWS Last modified on November 2, 2016

Lagardère Travel Retail acquires Inflight Service Group

Lagardère Travel Retail has signed an agreement with Inflight Service Group – the owner of EuroShop stores at airports and ferries – for the acquisition of its businesses in Poland and Estonia.

The transaction aims at acquiring the activities of IFS Poland – five stores at Warsaw Modlin Airport, duty free operations on Polish Unity Line ferries – and of IFS Estonia - 3 stores at Tallin airport and 1 store at seaport. 

The completion of the Polish transaction is subject to a number of conditions, including regulatory approval. 

This acquisition marks a significant expansion in the duty free activities of the company in the region.

It is in line with the Lagardère Group's strategy of expanding in growth businesses and developing retail space in travel locations. 

 

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