Add-on Acquisition • Retail

Lagardère Travel Retail Acquires International Duty Free

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

Acquisition Context

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.

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

Target Company

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 Overview 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 Context for Buyer	#
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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