Deal creates largest travel retailer

THE Benetton family has sold its controlling stake in World Duty Free to Switzerland’s Dufry. The deal creates the world’s largest travel retailer, with a market share of 25 per cent and projected annual sales of $US9billion ($F18.45b). Dufry is paying euro 10.25 ($F22.74) a share for the 50.1 per cent stake, valuing the group […]

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