Dufry - a leading global travel retailer - is acquiring the duty free assets and contracts of Latinoamericana Duty Free (LDF), including duty-free stores in the airports of Mexico City, Acapulco, Guadalajara, Leon, Monterrey, Los Cabos, Ixtapa and Puerto Vallarta. LDF offers a full assortment of duty free products ranging from tobacco and spirits to perfumes, cosmetics and confectionary.
The transaction will add 24 shops with more than 3’700 sqm of retail space and around 200 employees to Dufry that will almost double its turnover in Mexico.
“The combination of LDF’s duty free business with Dufry’s existing local operations will allow implementing substantial synergies across all functions in Mexico,” the company said in a release.
In locations where both Dufry and LDF have duty free operations, Dufry will furthermore re-organize the retail surface to capture the additional sales potential, e.g. by introducing the Hudson concept also in Mexico, and will use the opportunity to renegotiate its concession fees as a new larger entity.