Aéroports de Paris (Paris:ADP) (Pink Sheets:AEOPF) selects The Nuance Group, one of the world leaders in travel retail, as a partner for the creation of a "Fashion and Accessories" joint venture. This new entity, which should be launched in 2009, will manage an area of about 5,000 m² at Paris–Charles de Gaulle and Paris–Orly airport.
This partnership is a new step in the development strategy of Aéroports de Paris travel retail. The Group will hence reinforce its Fashion & Accessories segment, the most dynamic after the Liquor, Tobacco and Perfume categories.
This joint venture will be set up as soon as it gets approval from the competition authorities. It will allow the partners to pool their expertise in the fields of airport, retail and distribution in order to develop innovative concepts and to offer new brands around the theme of "Parisian elegance and lifestyle".
The Nuance Group is one of the global market leaders in the airport retail industry, operating 400 shops across 60 airports and 20 countries around the globe. In addition to its duty and tax free operation, the Nuance portfolio comprises a large number of specialist shops as well as food & beverage operations, in–flight services and shops in other travel retail channels. Furthermore, Nuance offers highest quality supply and retail services to numerous airports, airlines and retailers.
Aéroports de Paris builds, develops and manages airports including Paris–Charles de Gaulle, Paris–Orly and Paris–Le Bourget. Aéroports de Paris is Europe´s second–largest airport services group in terms of airport revenues and the European leader for cargo and mail. Aéroports de Paris accommodates nearly 460 airlines, including the main companies in the air transport industry. With an exceptional geographic location and a major trading area, the Group is pursuing its strategy of modernizing its terminal facilities and upgrading the quality of services, and also intends to develop its retail and real estate business. In 2007, Aéroports de Paris Group had revenues of ?2,292.4 million and handled 86.4 million passengers.
