Blog: Bumpy landing for travel retail
Dean Best | 19 October 2009
Cannes in October. You'd expect it to be sunnier than the UK – and you'd be right.
There is, however, a bit of a chill in the air this morning (19 October) here in the south of France. And, for those heading to the annual TFWA duty-free and travel-retail exhibition, today came UK passenger numbers that will cool any budding optimism among attendees.
According to the Civil Aviation Authority (CAA), the number of business passengers at Heathrow slid by 5% in 2008 as the economic downturn started to take hold in the last quarter of the year.
As all in duty free and travel retail know, lower levels of business passengers means falling revenues for the airlines and lower sales going through the tills at airports.
Confectionery, seen as more affordable than other categories like wine, spirits and luxury goods, has been less affected by the weak civil aviation environment.
However, looking at the latest data from industry analyst Generation shows that duty-free and travel-retail confectionery sales tumbled by more than 9% in the first quarter of 2009.
What's more the CAA numbers are for 2008; the depth of the downturn since the turn of the year suggests 2009's numbers will be worse.
Danone completed its US$12.5bn acquisition of WhiteWave Foods this week. The move will roughly double Danone's presence in North America, where WhiteWave is a top four dairy player. ...
Premier Foods plc revealed today (28 March) it has secured a deal with its pension scheme trustees that will see the UK food maker reduce its pension burden....
Hain Celestial, under the scrutiny of the investment community in recent months and facing some challenges in its domestic market, has announced another shuffling of its management pack....
FrieslandCampina, which today served up higher profits but lower sales for 2016, is ready to offload the last non-dairy business owned by the Dutch cooperative giant....
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