Put companies on watchlist
Avolta AG
ISIN: CH0023405456
WKN: A0HMLM
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

Avolta AG · ISIN: CH0023405456 · EQS - Company News (189 News)
Country: Switzerland · Primary market: Switzerland · EQS NID: 1933055
26 June 2024 06:30AM

Avolta continues its expansion in APAC, securing a seven-year Duty Free contract at Macau International Airport


Avolta AG / Key word(s): Miscellaneous
Avolta continues its expansion in APAC, securing a seven-year Duty Free contract at Macau International Airport

26.06.2024 / 06:30 CET/CEST


Leading global travel experience player Avolta AG (SIX: AVOL) is reinforcing its presence in Macau, the tourism magnet of southern China. The company is thrilled to announce a new seven-year contract to operate key categories in Duty Free as well as General Merchandise at Macau International Airport. The contract marks a significant enhancement of our presence within the Asia Pacific region, covering an additional total area of over 600 m2 across four commercial spaces.

Commencing operations the second half of 2024, Avolta’s expansion into the airport for the first time is a strategic extension that brings our long-standing presence in Macau, where we have successfully operated two downtown stores at the Venetian and Parisian hotel hotspots respectively for 27 years, to a full circle.

These brand-new stores in the departure halls of both the left and right piers will serve the airport’s travelers that are predominantly from mainland China, as well as from Portugal, Taiwan, Korea, Japan, and other parts of South and East Asia. Avolta is creating luxurious spaces that reflect Macau’s tourism profile, bringing an eclectic mix of sub-categories across Liquor, Tobacco and General Merchandise categories. The newly designed stores will showcase the best of local and international brands, featuring packaged favorite local delicacies and souvenirs that ensure our offerings resonate with the cultural preferences of all travelers passing through the airport, while providing travelers a gateway to the finest products from around the world. 

Supported by innovative marketing activations, product launches, tasting events and digital technology, the store designs will be meticulously crafted to reflect the unique heritage as well as the glamour of Macau, reinforcing the airport's status as a top leisure destination for the region. 

"We are excited to bring our expertise and passion for retail to Macau International Airport, where we aim to provide an unparalleled shopping experience, that matches the region’s dazzle. This expansion not only strengthens our footprint in Macau but also allows us to serve Macau’s tourists more holistically. We promise shopping experiences that are as delightful and memorable as the destination itself.” said Freda Cheung, President & CEO APAC of Avolta.
 

For further information:

CONTACT
 

REBECCA McCLELLAN CATHY JONGENS
   

Global Head
Investor Relations

Director Corporate
Communications
Phone : +44 7543 800405 Phone : +41 79 288093
rebecca.mcclellan@avolta.net cathy.jongens@avolta.net
   


End of Media Release


Language: English
Company: Avolta AG
Brunngässlein 12
4010 Basel
Switzerland
Phone: +41612664444
E-mail: Headoffice@dufry.com
Internet: https://www.avoltaworld.com/
ISIN: CH0023405456
Listed: SIX Swiss Exchange
EQS News ID: 1933055

 
End of News EQS News Service

1933055  26.06.2024 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1933055&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f
Visual performance / price development - Avolta AG
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.