M&A Deal Summary

Lagardère Travel Retail Acquires International Duty Free

On July 25, 2019, Lagardère Travel Retail acquired retailer International Duty Free for 250M EUR

Acquisition Highlights
  • This is Lagardère Travel Retail’s 1st transaction in the Retail sector.
  • This is Lagardère Travel Retail’s 0th largest (disclosed) transaction.
  • This is Lagardère Travel Retail’s 1st transaction in Belgium.

M&A Deal Summary
Date 2019-07-25
Target International Duty Free
Sector Retail
Buyer(s) Lagardère Travel Retail
Deal Type Add-on Acquisition
Deal Value 250M EUR

Target

International Duty Free

Steenokkerzeel, Belgium
International Duty Free is an operator of Duty-Free in airports and as a European provider in Travel Retail. International Duty Free was founded in 1958 and is based in Steenokkerzeel, Belgium.

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Buyer(S) 1

Buyer

Lagardère Travel Retail

Paris, France
Category Company
Founded 1852
Sector Retail
DESCRIPTION

Lagardère Travel Retail is active in proximity retail, among others at train stations and airports, directly operating a network of 220 points of sale, with strong, familiar brands like Press Shop and Relay, selling a wide variety of products and services. Lagardère Travel Retail also distributes newspapers and magazines to some 5 345 points of sale. It has also recently built up a network of some 735 parcel pick-up and delivery points in Belgium under the Kariboo! brand, as well as other value-added e-commerce solutions.

DEAL STATS #
Overall 1 of 1
Sector (Retail) 1 of 1
Type (Add-on Acquisition) 1 of 1
Country (Belgium) 1 of 1
Year (2019) 1 of 1
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