VF Franchise Consulting

Dufry Asia aims to double business

Nov 11, 2015

Dufry duty free

Dufry Asia sees huge growth opportunities in the Asia region despite the current softness in the Hong Kong, Macau and Singapore markets.

In an interview with TRBusiness the CEO of Dufry Group, Julian Diaz, said the company plans to double its sales in Asia Pacific within five years. Currently, the region accounts for just nine per cent of its total business.

“The situation right now in Asia and in other parts of the world is not going to stop Dufry from going ahead with development,” he told TRBusiness.

“The reality of the passenger growth over the next 10 years in Asia is that it is going to grow more than any other region in the world.”

Díaz said Asia presented challenges given it comprises different markets, but Dufry has overcome that in other regions, and is confident it can break through in Asia.

“I think this is a challenge, but this was also a challenge when we started in the Americas, when we started in Europe, when we started in North America.

“All these businesses presented their own challenges. I know one thing, we are going to pool resources and the team in order to really develop the company in Asia,” he said.

Source: insideretail.asia

Related news:

Cafe competition perks up amid slowdown

FeedMe Guru plans Asia city rollout

Daphne International sales slump

Foodora Hong Kong launches with 100 restaurants

H&M Hong Kong flagship to be Asia’s largest

Asia travel spending trends revealed

Convenience Retail to offload Circle K Guangzhou

Fung Group tests future retail concepts

Xiaomi opens first Beijing store

Hong Kong retail ‘moves to the middle’

 

[ Go back ]

Franchise Opportunities