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Hudson, one of the largest travel retailers in North America, is a wholly owned subsidiary of international travel retailer Dufry AG of Basel.Based in East Rutherford, New Jersey, United States, the company operates more than 970 Hudson, Hudson News, Hudson Booksellers, cafes, specialty retail and duty-free shops in 87 airports and transportation terminals in the United States and Canada.
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This was a separate subsidiary from Hudson News Distributors also owned by the Cohen family. In 2008, private equity firm Advent International acquired the Hudson Group the retail operation, and merged Swiss duty-free retailer Dufry of Basel, Switzerland with the Hudson Group. Under the terms, Hudson Group became a wholly-owned subsidiary of Dufry.
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[4] The La Guardia location became the model for future Hudson News locations. [2] Robert Cohen's son, James Cohen, succeeded his father as the president of the Hudson Group, which operates Hudson News. [2] In 2008, Robert Cohen sold his majority stake in Hudson News to Dufry of Switzerland, one of the largest operators of duty-free stores in ...
The company owns stores at airports, railway stations and ports, and operates concessions onboard airlines and cruise ships. By August 2017, the Chinese HNA Group, which declared bankruptcy in 2021, had acquired a 20.92% stake in Avolta, worth more than $1 billion. [1]