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Haikou International Duty-Free City Shopping Complex, is the world's biggest stand-alone duty-free store in terms of physical size. Located in Haikou, Hainan, China, the buildings have a total area of 280,000 square meters. [1] [2] Aelia Duty Free – a brand of Lagardère Travel Retail. [3] Comturist – a chain of duty-free stores.
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.
It is an ultramodern, mega shopping mall in the capital of Osun. It has a lot of segments that offer different types of services, such as Filmhouse cinema, spas, game shops, bars, restaurants, and many variety stores. It has a lot of packing spaces, and a large compound for events.
Malfunctioning and non-operational infrastructures such as air conditioning and luggage belts have been repaired. The entire airport has been cleaned, and many new restaurants and duty-free stores have opened. Bilateral Air Services Agreements signed between Nigeria and other countries are being revived and new ones signed.
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.
These companies benefit from special taxation rules and duty-free imports. The enabling act for Registered Free Zones in Nigeria came into effect in 1992. The Calabar Free Trade Zone, the first of these, was fully completed by 1999 and started operation after official commissioning in November 2001. The CFTZ is owned by the Federal government. [1]
On 6 June 2013, the Shareholders of Autogrill approved the project of proportional partial demerger whereby Autogrill S.p.A. transferred the Travel Retail and Duty Free business to its wholly owned subsidiary World Duty Free S.p.A. (parent company of World Duty Free Group), the beneficiary, by assigning to the latter the entire shareholding in the Group's Travel Retail and Duty Free business.
In the 1960s and 1970s DFS Group significantly expanded their operation in Pacific Islands and North America. DFS capitalized on the rising wave of Asian tourists who began to travel further overseas, opening stores in international airports and later in downtown locations where travelers have their purchases delivered before departure. [8]