Lagardere Travel Retail capitalizes on the travel retail recovery in China with new Luxury Beauty & Fashion store openings

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Lagardere Travel Retail capitalizes connected the question retail betterment successful China with caller Luxury Beauty & Fashion store openings

Lagardère Travel Retail announces the opening of 8 Luxury Beauty & Fashion stores in 2 large Chinese airports, Shanghai Hongqiao and Shenzhen. This strong development dynamic builds connected the betterment of home aerial postulation successful China and the maturation successful home consumption.

In caller months Lagardère Travel Retail has opened 8 new stores successful concern with planetary Fashion & Beauty brands successful 2 of China’s largest airports. Several of these openings people the archetypal clip brands enter China’s question retail market, reflecting the company’s ambition to bring innovation and dynamism to airdrome retail successful China.

In Shanghai Hongqiao Airport, Terminal T2, Lagardère Travel Retail has opened six stores:

·        Chanel Beauty and Accessories , an 80sqm store, offering a wide scope of cosmetics, fragrances and accessories – it is the brand’s first boutique successful a home airdrome terminal successful China;

·        Parfums Christian Dior , an 81 sqm Perfume and Cosmetics store;

·        Givenchy , a 66 sqm caller conception Cosmetics and fragrance store, the archetypal 1 successful an airdrome successful China.

·        Shiseido , a 67 sqm Perfume and Cosmetics boutique, the brands’ archetypal boutique successful a domestics airdrome successful China;.

·        Gucci Watches & Jewelry , a 58 sqm manner jewelry and watches store;

·        Sandro , a 93 sqm manner store, the archetypal Sandro store successful an airdrome worldwide.

In Shenzhen Airport, Terminal T3, Lagardère Travel Retail has opened 2 stores with marque partners caller to its portfolio successful China:

·        A 150 sqm Cartier store, specialized successful precocious jewelry, watches and accessories

·        A 134 sqm Burberry Fashion store

With the betterment of the health situation successful China acknowledgment to strict information and hygiene rules being enforced throughout the state and successful airports, home postulation has recovered quickly. Economic policies to stimulate home depletion are besides paying disconnected and Chinese shoppers are anxious to resume question and shopping, with a particular appetite for luxury goods.

Lagardère Travel Retail successful China is good positioned to capitalize connected this rebound. As the leading question retailer successful home airdrome terminals and with an ambitious development strategy, the institution is well-positioned to enactment marque partners achieve their strategical improvement objectives successful Chinese airports.

Commenting connected the caller openings, Eudes Fabre, CEO for North Asia at Lagardère Travel Retail, North Asia, said  : “China is an incredibly resilient market, it has been breathtaking to observe how accelerated home postulation has returned to pre-crisis levels, and however eager Chinese shoppers person been to travel backmost to our stores. The maturation of the country’s mediate people and its appetite for luxury brands has supported a sharp rebound successful our concern here. I americium pleased that we are capable to physique connected our leading marketplace presumption and in-depth knowing of the section question retail market to spouse with immoderate of the world’s starring luxury brands to support their improvement successful what remains an uncertain environment.”

Lagardère Travel Retail started operations successful China successful 2007 and now has implicit 400 stores successful 26 airports.

One of the 2 divisions of the Lagardère group, Lagardère Travel Retail is a global person successful the question retail industry. Operating 4,800 stores across Travel Essentials, Duty Free & Fashion and Foodservice successful airports, railway stations and different concessions successful 39 countries and territories, Lagardère Travel Retail generated €5.5 bn successful income successful 2019 (managed 100%).
Lagardère Travel Retail has a unsocial holistic attack aimed astatine exceeding travelers’ expectations passim their journey, and optimizing landlords’ assets and partners’ brands.  ●  @LagardereTR

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