World Duty Free Europe
World Duty Free Group S.A. Veer zaara 2004 full movie. Owns and operates travel retail shops which sell airport tax and duty free products, including fragrance and cosmetics, champagne, wines and spirits, tobacco, food. Why is World Duty Free a great place to work? We provide employees with ongoing opportunities and incentives to learn, develop and grow in one of the world’s leading travel retail companies.
World Duty Free European
London, 10 March 2008. BAA today announces that it has agreed to sell World Duty Free Europe Limited (WDF) to Autogrill S.p.A. For £546.6 million(*). With over 4.8bn of sales in 2007, Autogrill Group is active in 42 countries with around 70,000 employees.
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It operates over 5,200 shops in over 1,100 locations, serving 890 million customers a year. Its main business channels are airports, motorways and railway stations but the Group has also significant operations in shopping centres, trade fairs, museums and city high streets. BAA is selling WDF as part of its ongoing non-core asset disposal program.
World Duty Free Group Headquarters
WDF will enter into a 12-year concession agreement for the operation of duty free stores at BAAs seven UK airports. Proceeds of the sale will be used to repay debt in accordance with the terms of the ADI financing agreements. The disposal is conditional upon ECMR clearance and is expected to complete towards the end of April. Notes to editors: (*) The equity purchase price of £546.6m is stated as at 31 December 2007. The final consideration will be adjusted upwards from this date until completion at a rate equivalent to LIBOR +2%. Autogrill With a portfolio of 350 international, national and local brands, managed directly or through a license, Autogrill operates in two sectors: food & beverage and retail.