An update from Auckland International Airport Limited ( (ACKDF) ) is now available.
Auckland Airport has announced a new long-term partnership with global travel retailer Lagardère, selecting them as the future duty-free partner following a competitive RFP process. This eight-year contract will see Lagardère operate the airport’s four duty-free stores, bringing an extensive suite of global brands and refurbishing all stores to enhance the traveler experience. The partnership, starting July 2025, aims to deliver competitive prices and a wide range of products, aligning with Auckland Airport’s commitment to exceptional customer experiences. The transition to a single-duty-free operator model has already increased brand offerings by 40% and local New Zealand products by 30%, reflecting a strategic shift in response to global retail trends and economic challenges.
More about Auckland International Airport Limited
Auckland International Airport Limited operates in the aviation industry, providing airport facilities and services to international and domestic travelers. It focuses on enhancing passenger experience through retail and duty-free shopping, with a significant emphasis on offering competitive pricing and a diverse range of products.
YTD Price Performance: -10.35%
Average Trading Volume: 3,171
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $7.84B
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