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Hellenic Duty Free Shops SA, founded in 1979, is a Greek company in the travel retail industry. The company holds the exclusive right to the retail sale of duty-free goods in Greece. It has a network in Greece, composed of 97 shops at 45 points (22 airports, 11 border checkpoints, and 12 ports).
Duty Free Philippines – founded in 1987, it is a government-owned company that sells taxed and duty-free goods. They operate several shops in the Philippines' major airports, and have a dedicated shopping mall located nearby the country's main airport in Manila, called Duty Free Fiesta Mall. [12] King Power – the largest duty-free retailer ...
This trend continued with the acquisition of LATAM's onboard duty free business in 2013. [9] In 2015 the company launched a travel retail website, www.dutyfreeonboard.com, extending the inflight duty free program further; passengers could preorder duty free products and have them delivered in the US or to their flight.
Brendan O'Regan established the world's first duty-free shop at Shannon Airport in Ireland in 1947; [6] it remains in operation today. Designed to provide a service for trans-Atlantic airline passengers typically travelling between Europe and North America whose flights stopped for refuelling on outbound and inbound legs of their journeys, it was an immediate success and has been copied worldwide.
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Terms include free port (porto Franco), free zone (zona franca), bonded area (US: foreign-trade zone), free economic zone, free-trade zone, export processing zone and maquiladora. Most commonly a free port is a special customs area or small customs territory with generally less strict customs regulations (or no customs duties or controls for ...
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