News Release 7 December 2012 LS TRAVEL RETAIL CHINA LAUNCHES LUXURY FASHION IN XI AN XIANYANG INTERNATIONAL AIRPORT WITH 4 LUXURY FASHION STORES LS travel retail China announces the opening of Salvatore Ferragamo, Hugo Boss, Coach and Kent & Curwen boutique stores alongside other Travel Essential stores Hub Convenience, Discover Xi an and Kaboom in Xi an Xianyang International Airport, China s 8 th busiest airport. A first and successful step of its strategy for duty paid in mainland China, LS travel retail has opened 4 Luxury duty paid stores: Salvatore Ferragamo, Hugo Boss, Coach and Kent & Curwen, 4 distinct fashion brands which marks the company s first foray of Luxury Fashion in China. Prominently located at the centre of the airside retail area in the new Terminal 3, Xi an Page 1 of 5
Xianyang International Airport, these luxury fashion stores are strategically situated alongside the retail atrium and occupies a total retail area of 460sqm. Each brand brings a blend of luxury collections synonymous with the affluent travellers needs; Coach, a 102sqm store catering to the lifestyle need for luxury lifestyle handbags and accessories; Salvatore Ferragamo occupies 161sqm retailing Italian luxury specializing in shoes, leather goods and ready-to-wear collections for men and women. BOSS Traveler Store covers a retail space of 114sqm that offers their iconic stylish leather goods and ready-towear and Kent & Curwen, a 83sqm British label renowned for its sophisticated luxury men s collection. Mr Emmanuel de PLACE, COO, LS travel retail ASPAC comments: This is a very exciting period for us as we expand on our core categories in Luxury and Duty Paid in Asia Pacific. The entry in the China market with these first luxury stores is our first step in a greater strategy in preparation for future opportunities in core categories and luxury concepts. We are proud to continue to deliver a high standard of luxury fashion stores whenever we open with a partner airport, and to bring on global expertise in Travel Retail to those locations through strong operation standards and great partner brand relationships. Mr Philippe FONTALBA, Luxury, Fashion and Accessories Director, LS travel retail ASPAC comments: The opening of these first Fashion stores in China is really exciting for us; from our insights, we know this country is one of the largest markets for Fashion and Luxury goods. It was a good opportunity for us to integrate some new brands that rally strong in China in our portfolio as Coach and Kent & Curwen. We have a long standing relationship with Salvatore Ferragamo and Hugo Boss and happy to extend our Page 2 of 5
partnership to China with the opening of a 160 sqm boutique with Salvatore Ferragamo. Mr. Godwin Lam, Managing Director Trinity Group China, comments: My heartfelt congratulations and best wish to the grand opening of Kent & Curwen at Xi an Xianyang International Airport. Trinity group looks forward to building a long-term partnership with LS travel retail, and developing ongoing multi-brand strategies as well as achieving a win-win situation in sustainable growth of airport business in the future. Mr Jesper Gustafsson, Head of Travel Retail, Hugo Boss comments: Hugo Boss is excited about exploring this new opportunity together with LS travel retail ASPAC. Xian airport is yet another step-stone for us to explore the Travel Retail market in Asia together.' Amelia Sillard, Coach s Senior Director of Global Travel Retail comments: Coach is very pleased to start a partnership with LS Travel, one of the top operators in the world. Xi an Airport is an exciting opportunity in a fast growing market. We look forward to achieving successes together in this new development, as well as future openings in Asia Pacific. The Luxury Fashion stores add to the current portfolio of 3 travel essential/specialty stores in Xi an Xianyang International Airport including Discover Xi an; a 80sqm premium souvenir concept store that evokes memories with thematic merchandising building on the successful global gifts and souvenirs concept now in 20 stores in 8 countries, Kaboom; a 60sqm children s store featuring international assortment of toys, games, books and educational products and Hub Convenience; 2 landside stores (50sqm and 70sqm) offering convenient and fuss-free solution for travellers to purchase travel necessities, a Page 3 of 5
successful travel essentials concept now in 51 stores in 7 countries. Eudes FABRE, General Manager of LS travel retail CHINA comments, We have worked closely with Xi an Xianyang International Airport on the opening of these 8 luxury fashion and travel essential stores and we thank them for their continuous support in our ambition to expand our presence in travel retail in Xi an Xianyang International Airport. The opportunity for LS travel retail to be well presented at Terminal 3 is recognition of our commitment and expertise in travel retail. We have a great working relationship with Xi an Xianyang International Airport which is helping us achieve success in our operations while adding to every traveller s enjoyment at T3. ENDS Notes to editors LS travel retail China, a subsidiary of LS travel retail ASPAC is a division of the Lagardère Services group. Operating in more than twenty countries throughout Europe, North America, Asia and the Pacific, Lagardère Services is a world leader in Travel Retail. LS travel retail operates nearly 2,000 stores across the world, including a presence at over 130 airports and 700 stations, a major Duty-Free and Luxury player and the channels leading News and Convenience retailer. LS travel retail ASPAC now operates more than 200 outlets, partnering with over 16 airports in Australia, China, Hong Kong, India, Malaysia, New Caledonia, Page 4 of 5
New Zealand, Singapore and Taiwan. LS travel retail ASPAC s portfolio incorporates Luxury Fashion and Duty Free stores in major international airport hubs including: Singapore; The Fashion Gallery(multi-brand concept), Longchamp, Dunhill, Hugo Boss and So Chocolate; Kuala Lumpur; Longchamp; Hong Kong; So Chocolate, New Caledonia; Aelia Duty Free concept stores, Sydney; Podium (multi-brand concept), Gold Coast; Duty Free Stores Australia, Adelaide; Duty Free Stores Australia, Queenstown; Duty Free Stores New Zealand, Dunedin; Duty Free Stores New Zealand, Hamilton; Duty Free Stores New Zealand and Rotorua; Duty Free Stores New Zealand. Media contacts Emmanuel de Place COO Lagardère Services responsible for the ASPAC region Tel: +65 6593 1721 Email: edeplace@lsaspac.com Eudes Fabre General Manager LS travel retail China Tel: +86 21 6268 2839 Email: eudes.fabre@lsaspac.com Jasmine Chng Marketing Communications Manager LS travel retail ASIA Tel: +65 6593 1765 Email: jasmine.chng@lsaspac.com Page 5 of 5