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LS Travel Retail & Travel Food Services signs JV

EH STAFFMumbai

LS Travel Retail and Travel Food Services (TFS) announced a joint venture to answer the major Duty Free tenders opportunities at key Indian airports in Mumbai, Kolkata, Chennai and Bengaluru and other new developments. TFS will also exclusively develop the Relay stores franchise in the country, in airports, metros or railway stations, with LS travel retail supporting in operational management and category expertise.

TFS was awarded, by Delhi International Airport (DIAL), three Relay branded stores at the Terminal 1D of the Indira Gandhi International Airport. Emmanuel de Place, chief operating officer, LS travel retail ASPAC said, “The tender win opens new opportunities for us in the subcontinent. This new partnership in a new geographical landmark gives LS travel retail an opportunity to combine our best retail solutions and to offer unique services to create an environment going beyond travellers’ expectation. Together with our consumer insights, retail skills and strength of our local partners, we are determined to achieve exceptional results meeting to our global ambitions in Duty Free.” “This partnership with LS travel retail ASPAC is an extension of our focus areas and is in line with our vision to consolidate our position as a leading player in the travel retail segment,” added Sunil Kapur, chairman, TFS.