If the industry is to flourish, that s the approach that landlords, concessionaires and suppliers must continue to take. See you in Cannes.

Transcription

1 Issue 369 The Week in Travel Retail Days FRIDAY SATURDAY SUNDAY MONDAY TUESDAY WEDNESDAY THURSDAY 14 OCTOBER 2010 WELCOME to The Moodie Report 7 Days. This edition comes to you as we prepare to set off for Cannes and the key annual gathering in the global travel retail calendar, the TFWA World Exhibition, which begins on Sunday, writes Dermot Davitt. We ll be taking up residence at our usual French Riviera apartment, directly opposite the Palais, where The Moodie Report team will be tracking the key events of the week. The industry approaches this year s show in a very different frame of mind to that of a year ago. Back then, after 12 months of being battered and bruised by the tough global economic climate, the business was just about emerging from the darkness into a weak but welcome light. Today that light is shining brightly and vibrantly, as recovery in late 2009 turned to rebound in 2010 (notwithstanding the serious ash cloud-related dip in April and May). As a result of that rebound, travelling to meet airport authorities, retailers and brand owners around the world recently has been a noticeably different experience for The Moodie Report team from what it was when we were preparing our Cannes Print Edition in Then, the mood was downbeat and uncertain, with just a flicker of life returning to the market in most regions. Today the picture is very different. We ve travelled from Auckland to Amsterdam and from Porto to Puerto Rico to gather stories for this year s Cannes edition, and we ve seen investment and innovation aplenty. We ve seen the quality bar being raised for commercial activities at many airports, and we ve seen first-hand the passion and determination of many stakeholders to elevate the travel experience for consumers beyond the mundane and the joyless experience it so often is, into something special and something to remember. If the industry is to flourish, that s the approach that landlords, concessionaires and suppliers must continue to take. See you in Cannes. Image of the Week Aéroports de Paris has big plans for retailing at its airports over the next five years plans it revealed in detail in recent days to suppliers and to media. Over the next five years retailing at AdP airports will be characterised by a series of new walk-through stores, more monobrand boutiques, a destination concept called Air de Paris, and a new Arrivals shopping concept all aimed at enhancing the environment for travellers. FAST, FACTUAL, FREE QUOTES OF THE WEEK Autogrill is now concentrated on the two sectors in which it is the world leader, food & beverage and travel retail. Autogrill CEO Gianmario Tondato Da Ruos says the sale of inflight division Alpha Flight to Dubai-based Dnata for 100 million marks a key moment in the evolution of the group. We consider this as an opportunity to evolve as a global duty free brand, which represents Busan and beyond. Paradise Duty Free President and CEO You Young-Sub explains how the Korean luxury travel retailer plans to consolidate and expand its duty free activities, after its casino-to-hotel parent Paradise Group announced that a proposed sale was now off the agenda. Paris is the centre of design, and airports are a showcase for top brands. Aéroports de Paris Head of Marketing, Retail and Communications Pascal Bourgue reveals the ambitious scope of a commercial overhaul of Paris Charles de Gaulle and Orly airports last week, part of a 2.3 billion investment in the two locations. Page 1

2 BUSINESS NEWS FRANCE. Aéroports de Paris (AdP) has unveiled the ambitious scope of its big retail overhaul of Paris s two major airports, to be completed over the next five years. It follows last week s news of the major duty free rebranding project at stores operated by its SDA joint-venture partnership with Aelia. On 6 October AdP revealed details of its revamp for its Orly and Charles de Gaulle airport spaces, which will be reconfigured to include new features such as walk-through stores and luxury boutiques, all with a Paris theme. The initiatives will include more monobrand fashion boutiques, a new souvenir concept called Air de Paris, as well as a fresh arrivals store concept designed to showcase brands to the passengers and reminding them to shop on their way back home. The refurbishment aims to inject a significant amount of French style into the airport mix. Paris is the centre of design, and airports are a showcase for top brands, Aéroports de Paris Head of Marketing, Retail and Communications Pascal Bourgue told the 80-plus suppliers who had gathered in Paris to hear the plans revealed. The 2.3 billion redevelopment investment will encompass the two main Paris airports, in line with the company s stated aim for retail to become a strategic asset. Significantly, the retail areas will be reconfigured so that all passengers pass through the retail space. Walk-through areas in Satellite 4 and 2A and 2C will be rolled out in 2012, AdP Retail Director Mathieu Daubert told the audience. We will ensure the best locations are accessible and brands will enjoy premium locations, he said. The retail space will be reorganised into five key retail zones: relaxation areas after check-in; walk-through retail space; central shopping and dining areas with seating; a luxury zone; and finally, last-minute retail areas next to the boarding gates. In line with the luxury ambience, quality lighting and materials will be used, and raised ceilings will be a key feature, continued Daubert. Ambitions for the project are high as AdP declared its intention to catch up with award-winning London Heathrow in the airport shopping arena, and Dubai Duty Free in terms of marketing. For more on this story, including statistics and artist s impressions, go to INTERNATIONAL. Autogrill is to sell its UK subsidiary Alpha Flight Group Limited to Dnata, the Dubai-based airport service company, for 100 million. Alpha Flight was originally part of Alpha Airports Group, acquired in 2007, and is a provider of flight catering services. The transaction will be closed by 31 December, subject to the approval of the anti-trust authorities and the consent, which the company deems to be a formality, of certain of Autogrill Group s financing banks. The agreement will bring about a reduction in Autogrill Group s net financial indebtedness of around 162 million. Page 2

3 The price could be increased by an additional maximum amount of up to 6.5 million under certain conditions. The sale multiple (Enterprise Value/EBITDA) is around 5.7, using Alpha Flight Group s expected EBITDA for 2010 and an Enterprise Value that takes into account not only the transfer price and net financial position at 31 August 2010 but also the value of minority interests in Alpha Flight subsidiaries. Following the transfer of Alpha Flight Group it is estimated that Autogrill Group s consolidated revenues for the current year will amount to 5,600 million, with EBITDA of 590 million and investments of 230 million. I d like to thank Alpha s CEO Lionel Wilton and his team for their contribution to development and creation of value at Alpha Flight, commented Autogrill CEO Gianmario Tondato Da Ruos. This operation concludes a phase of development that Autogrill started in 2007 with its acquisition of Alpha Airports Group and the subsequent integration of its retail business into its own. Autogrill is now concentrated on the two sectors in which it is the world leader, food & beverage and travel retail. SOUTH KOREA. Paradise Duty Free plans to consolidate and expand its duty free activities after its casino-tohotel parent Paradise Group announced that a proposed sale was now off the agenda. Paradise is one of Asia s most respected duty free retailers, best-known for its spectacular downtown store in Busan on the country s south coast. The company had been set for acquisition by fellow Korean duty free group Shilla, a move that fell through earlier this year. Paradise has also held talks since then with other potential buyers. Now, though, the company plans to retain its duty free division and invest in the business. In a statement released to The Moodie Report, and which will be sent to trade partners, Paradise Duty Free President and CEO You Young-Sub said: We are announcing that we have decided to abandon the M&A for duty free due to a difference of opinion with [our] choice [of partner]. However we consider this as an opportunity to evolve as a global duty free brand, which represents Busan and beyond. We expect to maximise the synergies with other well-established business sections in our company such as the casino and hotel with active investment and profit generation in the duty free business. Furthermore Paradise Duty Free will take an essential role for future investment in Paradise Group, related to the tourism industry. The President said that recent uncertainty over the retailer s status and prospective ownership was unfortunate and he apologised to the wider trade about the potential merger activity that eventually failed to materialise. In his address to the company s partners, You Young-Sub added: Paradise Duty Free will try our very best to take this opportunity to the next level. On behalf of the entire Paradise Group, we thank you for your support and ask once again for your encouragement in the future. Separately, the company said it would examine new opportunities to grow the business beyond Busan, potentially in Seoul or Jeju. Since the decision was made to retain the business last month, the company has been preparing its internal structures for future growth. Paradise said it also saw huge potential in the booming levels of Chinese visitors to its existing Busan business, as well as in the revival of the Korean economy this year. UK. BAA faces the prospect of having to sell London Stansted and either Glasgow or Edinburgh airports after losing a ruling at the UK Court of Appeal. Last year the UK Competition Commission (CC) ruled that the airports should be sold off, but in March BAA successfully appealed, claiming that there was apparent bias in the CC s ruling. That appeal has now been overturned, putting the forced sale of the airports back in play. Page 3

4 BAA said it would take its fight to retain the airports to the Supreme Court. The company said: We are disappointed that the Court of Appeal has upheld two of the five grounds argued by the Competition Commission. We note the Court s view that apparent bias in relation to a panel member existed during part of the Commission s investigation and will study this judgement carefully. We will be seeking permission to appeal to the Supreme Court. The CC said: We are pleased that the Court of Appeal has found in our favour in the BAA case. The effect of this decision is to restore in full our report together with its remedies including the requirement for BAA to sell Stansted and either Edinburgh or Glasgow airports, Gatwick having already been sold. Our intention now is to work with BAA to implement these measures in the interests of the travelling public. For background to this story go to FOOD & BEVERAGE & OTHER COMMERCIAL REVENUES INTERNATIONAL. Leading travel food concessionaire Travel Food Services has been named as a Gold Sponsor for the inaugural Airport Food & Beverage (FAB) conference and awards in Manchester next January. The commitment of the leading India-based group underlines the high level of interest in the event, which takes place on January and is hosted by Manchester Airport. Travel Food Services (TFS) CEO Rajeev Panjwani said: The Indian F&B travel market has developed substantially in the last few years, and so have the needs of the Indian traveller. The entire TFS team is extremely excited to be part of the FAB Awards, and look forward to bringing our perspectives on the Indian market to the event. In order to cater to the increasingly complex requirements of travellers today, the FAB Awards 2010 is a much needed event that will bring together renowned concessionaires to help push global innovation, collaboration and development in the F&B industry in the years ahead. TFS was founded in 2009 by the promoter of one of India s largest F&B companies to target food & beverage opportunities within the fast-growing travel infrastructure sector in India. Within the past year it has been appointed as a key concessionaire at both Mumbai and Delhi airports, including the latter s new Terminal 3, and has become one of the largest and fastestgrowing travel F&B concessionaires in India. TFS said it aims to reach more than 140 million passengers with its food & beverage offerings across India over the next few years. A certain highlight of the inaugural FAB event occasion will be the first-ever FAB Awards, for which entries have been pouring in from all over the world, with many entries arriving in the days leading up to last week s deadline. Judging will take place over the coming weeks and a shortlist will be published before the end of November. An Early Bird conference registration, offering a 100 discount, applies until 15 November. Please visit for full details on hotel and delegate registration, plus programme and sponsorship details. Official hotel the Radisson Blu is offering a preferential FAB rate of 115 including VAT and breakfast. For more details, go to For sponsorship enquiries contact Sarah Genest at Sarah.Genest@TheMoodieReport.com Page 4

5 TENDER & CONTRACT NEWS SINGAPORE. Lagardère Services Asia Pacific, Nuance Watson Singapore, Active World, Osim International and Elush were the big winners of the latest speciality/brand-name retail concessions at Singapore Changi Airport Terminal 3. They each won one of five concessions after the T3 tender attracted a total of 36 bidders. Lagardère Services Asia Pacific won Concession A (35sq m) and will operate a Pandora concept. The contract runs for three years and six months from 9 January Concession B (110sq m, with a three-year contract from 9 January) was won by Osim International, and Concession C (79sq m) went to Active World with its Bonia Natural concept, also carrying a three-year deal. Concessions D and E (both three years and four months from 9 January) were won respectively by Nuance-Watson Singapore (which will operate a Samsonite store in 62sq m) and Elush, which will operate a 100sq m istudio unit. Finally, the Lagardère Services group has won two new fashion concessions at Changi Airport following an open tender. The branded boutiques, to be operated by Lagardère Services Asia Pacific in partnership with sister company Aelia, are located in Terminal 1 and will offer leading luxury brands Dunhill and Longchamp. The news follows Lagardère Services contract gain in Changi T2 earlier this year, when the retailer was appointed to take over the main multi-brand fashion concession from Valiram Group. The 764sq m high-end store, to be branded as The Fashion Gallery, is scheduled to open by December 2010 and will feature a number of top luxury fashion and accessories brands including Cartier, Bvlgari, Salvatore Ferragamo, Tod s, Bally, Hugo Boss, Dunhill, Tumi, Bottega Veneta, Yves Saint Laurent, Chloé, Loewe, Longchamp, Agnès B, Swarovski, Pandora and Folli Follie. For more on this story go to RETAIL & COMMERCIAL SALES RESULTS INTERNATIONAL. LVMH Moët Hennessy Louis Vuitton, the world s leading luxury group, achieved revenue of 14.2 billion in the first nine months of 2010, an increase of +19% compared to the same period in With organic revenue growth of +14%, the third quarter confirmed the trends observed since the start of the year, LVMH said. Momentum continued to be very strong in Asia, Europe and America. Louis Vuitton once again achieved double-digit organic revenue growth. The Selective Retailing business group achieved revenue growth of +17% in the period. LVMH said: DFS further benefited from the significant increase in Asian travellers. Sephora recorded comparable store revenue growth in all its regions. The progress in online sales continued. The rhythm of expansion of its store network continued. LVMH revenue by business group, 9M 2010 vs 9M 2009 ( millions) 9M 9M Change on year Reported Organic* Wines & Spirits 2,148 1, % +17% Fashion & Leather Goods 5,464 4, % +14% Perfumes & Cosmetics 2,246 1, % +10% Watches & Jewelry % +22% Selective Retailing 3,713 3, % +14% Other activities and eliminations Total 14,210 11, % +14% *with a comparable structure and constant exchange rates Source: LVMH Page 5

6 The Wines & Spirits business group enjoyed a robust rebound in activity during the first nine months, said the group. As distributors stocks returned to optimum levels, the performance of the Champagne business in the third quarter reflected the good return of consumer demand, said LVMH. Hennessy Cognac continued to perform well and saw, in particular, an acceleration of its growth rate in Asia in the third quarter. The Fashion & Leather Goods business group achieved a +20% revenue increase. With double-digit organic revenue growth in the period, Louis Vuitton confirmed its strong appeal. Since the beginning of the year, strong momentum has returned to Fendi and Donna Karan, added LVMH. The other fashion brands achieved good growth during the third quarter. In Perfumes & Cosmetics, revenue grew +14% in the first nine months of Christian Dior benefited from the worldwide success of its perfumes. The successful roll-out of its lipstick also contributed to the remarkable performance of the brand, said LVMH. The launches of Abeille Royale, Guerlain s new skincare range, and of the feminine version of Givenchy s Play are some of the initiatives that took place in the third quarter. Benefit continued to expand its distribution network into Asia and Europe. The Watches & Jewelry business group recorded revenue growth of +29%. TAG Heuer continued its expansion and benefited from the new models launched for its 150th anniversary celebration. Hublot gained market share due to the performance of its Big Bang and King Power lines. Zenith s new collections were favourably received, said the group, while the jewellery brands Chaumet, Fred and De Beers also enjoyed strong growth. LVMH said: The excellent performance in the first nine months of the year has confirmed its confidence for The Group will continue its proactive strategy focused on innovation and targeted geographical expansion in the most promising markets. LVMH will rely on the power of its brands and the talent of its teams to strengthen once again its global leadership position in luxury products. GENERAL NEWS INTERNATIONAL. Leading German travel retailer Gebr Heinemann has named Swiss beauty house La Prairie its Supplier of the Year for La Prairie puts passion, energy and years of experience into its products, and this has earned it many customers on the global travel market, said Gebr Heinemann Purchasing Director Perfume & Cosmetics Inken Menck. We have noticed the same dedication in our day-to-day dealings with the company. La Prairie is exemplary in all aspects of business, from goods availability and logistics to activity planning. As one of La Prairie s biggest trading partners, the long-standing cooperation between the two companies began in Since then, the partnership has produced a stream of innovative new ideas to keep customers interested, the travel retailer said. Fragrances and cosmetics represent the best-selling category for Gebr Heinemann. URUGUAY. Duty Free Uruguay is opening the doors to its Arrivals and Departures stores at Montevideo Carrasco International Airport through a new link on its website. The virtual tour takes Internet browsers into the airport and allows them to zoom in on points of interest. The click-on commands to navigate through the stores are in Spanish, accompanied by simple graphic icons. Duty Free Uruguay opened its walk-through stores (both of which cover an area of 1,250sq m) at Carrasco on 28 December As reported in The Moodie Report on 14 September, the company has recorded a +48% increase in year-on-year sales in the eight months to To take a virtual tour of one of Latin America s best new travel retail arenas go to Page 6

7 DATA ROOM PASSENGER TRAFFIC NEWS GERMANY/INTERNATIONAL. Frankfurt Airport handled 5.08 million passengers in September, a leap of +10.4% over the same month last year. Parent group Fraport AG s Executive Board Chairman Dr Stefan Schulte said: The figure represents a new record for the month of September and confirms that we have returned to the pre-crisis traffic level of Fraport Group passenger numbers Sept Airport Passengers 1 Change Frankfurt 5,087, % Antalya 2 2,983, % Lima 3 858, % Burgas 274, % Varna 176, % Fraport Group 9,380, % 1 Commercial traffic: arrivals + departures + transit 2 All terminals effective October 2009; basis 2008 adjusted 3 Lima Airport Partners statistics Source: Fraport Group Schulte noted that business travel had strengthened, with double-digit growth rates for both domestic and European traffic. We continue to be optimistic about traffic growth during the remainder of the year and have raised our forecast for 2010 from +3% to well over +4% despite traffic losses earlier in the year due to weather conditions, the volcanic ash cloud, and strikes, explained Dr Schulte. At the group s majority-owned airports, Antalya traffic climbed by +14.3% to 2.9 million, Lima by +20.5% to 858,305, Burgas Airport on the Black Sea by +9.2% to 274,374 and Varna in the same region of Bulgaria hit 176,404 passengers (-0.1%). Across the group Fraport reported a +12.3% rise in the month s passenger numbers to 9.4 million. During the first nine months of the year Fraport registered a +4% year-on-year increase in traffic to 40.1 million passengers. The third quarter 2010 figures show even stronger growth of 8.2% year-on-year, Fraport said. In particular, our third quarter traffic figures indicate that Frankfurt Airport has returned to a sustainable growth path, stressed Schulte. Among the majority-owned airports, Antalya had 18.3 million passengers from January to September 2010 up +18.6% on the same period last year. A total of 7.5 million passengers used Lima Airport in the first nine months of 2010, up +15.5% year-on-year. Burgas Airport registered 1.85 million passengers (up +11.1%) and Varna Airport welcomed 1.13 million passengers (up +0.7%). From January to September 2010 the number of passengers at the Fraport Group s majority-owned airports (including Frankfurt) rose by +8.8% year-on-year to a total of 68.9 million. UK. BAA s UK airports handled 9.98 million passengers in September, a rise of +3.3% on the same month last year. Crucially, London Heathrow posted a new September record, with 6.2 million people travelling an increase of +7.6% on September This was the largest year-on-year monthly increase since July Long-haul traffic performed well in the month. In particular, Heathrow s BRIC routes to destinations not served from any other UK airport saw significant growth compared with last September. Brazil rose +27.1% to 31,546 passengers, China rose +10.3% to 58,330 and Russia increased by +23.7% to 70,021. India fell by -0.3% to 178,607. Travellers from Heathrow to North America increased by +6.5% over last September to 1,442,193 with South America up to 47,973. The most popular routes were New York (241,746), Dubai (153,319) and Dublin (134,500). European scheduled destinations from Heathrow continued to grow, increasing +11.7% to 2,352,806. The most popular routes were to Heathrow s main competitors, which are all hub airports: Frankfurt (125,258 passengers), Amsterdam (123,808) and Paris (116,509). Page 7

8 BAA passenger traffic summary September 2010 Terminal September Change Jan Sept Change passengers ( 000) 2010 on on year Heathrow 6, % 49, % Stansted 1, % 14, % London area total 7, % 64, Southampton % 1, % Glasgow % 5, % Edinburgh % 6, % Aberdeen % 2, % Scottish total 1, % 13, % UK total 9, % 79, % Naples % 4, % Source: BAA BAA said the growth was also supported by the reinstatement of flights previously removed from schedules and consolidated due to the recession. It added that there were encouraging signs that business people are travelling again, following disruption in the early part of the year, caused by poor weather and the volcanic ash cloud. Among the other airports, Edinburgh s traffic rose +2.2% to 873,195 while Southampton remained level. The decline in passenger numbers at London Stansted slowed from -6.1% in August to -4.3%, with traffic falling to 1,775,533 as a result of low-cost carriers removing flights. Glasgow Airport s traffic declined by -5.7%, and Aberdeen s by -5.1%, BAA noted, but these declines are contracting as carriers fill the gaps in services left by the collapse of flyglobespan. TRAVEL & TOURISM NEWS ASIA PACIFIC. International visitor arrivals into Asia and the Pacific climbed by +15% year-on-year in July, providing a strong start to the second half for regional tourism and travel. That s according to preliminary figures just released by the Pacific Asia Travel Association (PATA). The growth highlights continuing strong demand for travel, taking into account the relatively depressed results of a year earlier ( July 2009), noted PATA. For the first seven months of 2010, international visitor arrivals to the region grew by +12% year-on-year. Arrivals to the Northeast Asia sub-region increased by +15% for the month, slightly slower than the robust growth of +19% seen in May and June. Japan led the way for the sub-region, with arrivals growth of +39% for the month. The revival of inbound tourism to Japan has been impressive, following a year-to-date expansion of +36% for the first seven months of the year. This robust growth has helped the destination to inch closer to the pre-recession level of 2008, and Japan could come very close to equalling the year-to-date peak in either August or September of this year, said PATA. Strong demand growth was also seen for Hong Kong SAR (+32%), South Korea (+24%), Chinese Taipei (+23%), and Macau SAR (+23%). China saw its overall arrivals, including traffic from Hong Kong and Macau, grow by +7% in July, with foreign arrivals growing much more strongly at +19%. Overall, international visitor arrivals to Northeast Asia recorded a growth of +12% for the first seven months of Growth in international arrivals to Southeast Asia also remained strong at +15% in July, boosted by double-digit growth in arrivals to Vietnam (+51%), Singapore (+24%), Thailand (+14%) and Indonesia (+11%). Significantly for Thailand, this was the first month of positive growth in arrivals for three consecutive months, good news as it heads into the traditionally high season. The smaller destinations of Myanmar (+40%) and Cambodia (+22%) also recorded significant growth in July. For the first seven months of the year, arrivals to the Southeast Asia bloc increased by +13% year-on-year. The Moodie Multi-National MARATH N To enter your team or for more details contact Martin Moodie at Martin@TheMoodieReport.com Rebecca Mann at Rebecca.Mann@TheMoodieReport.com Bringing the travel retail community together worldwide To be run between 4 and 7 March 2011 (anywhere in the world!) In support of Hand in Hand for Haiti ( Calling for teams of six from travel retail companies Team members to each run one-sixth of a marathon (7.03km) Individual team members can run in different international locations Run can be on treadmill, track or terrain Individual and team times recorded Fastest and most valiant team prizes Best location and best uniform prizes Prizes for best fundraising efforts Entry/donation fee of US$300 per team Each team to also raise additional Hand in Hand for Haiti sponsorship Sponsored by Page 8

9 Arrivals to the destinations that make up South Asia grew by +11% for the month of July. International arrivals to India grew only slowly at +4%, though arrivals to Sri Lanka, the Maldives and Nepal continued to record impressive growth rates of +50%, +29% and +26% respectively. During the January-to-July 2010 period, international visitor arrivals to the sub-region rose by +14%. In the Pacific, international arrivals continued to gain momentum after suffering through the ash cloud related slumps of April. Following a strong +10% expansion in June, arrivals to the sub-region posted double-digit growth of +10% in July. Australia, with +11% growth for the month, led the sub-region s strong performance. While weak economic sentiment continues to negatively impact travel from Europe and the Americas to Australia, arrivals from Northeast Asia and Southeast Asia picked up strongly. Growth in arrivals to New Zealand was moderate at +4% while most of the smaller destinations showed positive growth in July. Overall, the sub-region recorded an average growth rate of +5% for the first seven months of the year. PEOPLE NEWS, JOBS, EVENTS & NOTICES FRANCE/INTERNATIONAL. Leading beauty house Guerlain has appointed Philippe Guitelmann to head its global travel retail business. He replaces Olivier Plagnol, who was Director Travel Retail Worldwide and who has been named Managing Director of Guerlain France, effective from 4 October. INTERNATIONAL. Organisers of the WiT (Women in Travel) gathering in Cannes next week have reported a magnificent industry response in support of its efforts to raise 15,000 for Hand in Hand for Haiti, the industry drive to help build education facilities in the earthquake-hit Caribbean state. Some amazing gifts are being offered for the auction, silent auction and prize draw, which will be held at WiT s meeting at TFWA World Exhibition, they said. Generous donations have also been pledged by ISG HK/Cathay Pacific and Nuance-Watson (HK), together giving WiT 1,430 towards its target. Funds raised will be used to purchase equipment for Hand in Hand for Haiti s first pre-school and kindergarten classrooms project. The meeting will take place on Tuesday 19 October from 5.30pm on the MCM stand (Riviera Village RC4). WiT still needs your support. Please go to for more details. NETHERLANDS. Dufri International BV has announced that Theo Goldberg has become co-owner and CEO of the company, effective 28 September. He has worked at the company since 2008 and previously held the position of Sales Director. SWITZERLAND. Bally has announced the promotion of Silvia Onofri to Global Travel Retail Director with immediate effect. Onofri, formerly Global Travel Retail Trade Marketing Manager, joined Bally in 2008, having previously worked at Bvlgari for eight years. In her new role Onofri will continue to report to Bally Global Sales Director Mimmo Mariottini. Thank you for your readership and support of The Moodie Report. Martin Moodie, Founder and Publisher Page 9