Schiphol, 26 March 2015, Joint Press Release. Schiphol Group and Gebr. Heinemann established a joint venture today for the retail operations of liquor, tobacco and confectionary in the shopping area after ticket and passport control at Amsterdam Airport Schiphol. Gebr. Heinemann takes a 60% stake in Schiphol Airport Retail (SAR), Schiphol Group keeps 40% of the shares. The joint venture will continue to operate under the name of Schiphol Airport Retail (SAR).
With Gebr. Heinemann as a joint-venture partner, the position of SAR will be reinforced with knowledge and experience in travel retail, e-commerce and logistics topped with clear end-consumer focus and expertise. SAR will with this joint-venture be certain to respond well to rapid future developments in the international travel retail market and changes in needs and demands of travellers.
As a result of this agreement, Schiphol Group expects to generate a book profit in the first half of 2015.
Note to the editorial team:
For more information, please contact: Gebr. Heinemann, Svenja Strombeck, Corporate Communications, Tel.: +49 40 3010 2186, S_Strombeck@gebr-heinemann.de, www.gebr-heinemann.de/en/Press or Schiphol Group Press Relations, telephone +31 (0)20 601 26 73, email press@schiphol.nl
About Gebr. Heinemann SE & Co. KG
Gebr. Heinemann, the Hamburg family-owned business is active at 77 airports including Frankfurt, Vienna, Oslo, Copenhagen, Sydney, Kuala Lumpur and Istanbul in 28 countries. It operates more than 230 Heinemann Duty Free & Travel Value shops, concept shops and boutiques for internationally renowned brands. In 2014, Gebr. Heinemann generated a turnover of € 2,4 billion euros.
About Schiphol Airport Retail
A subsidiary of Schiphol Group, Schiphol Airport Retail (SAR) operates stores which sell liquor, tobacco and confectionary at Schiphol. SAR currently has six stores and also sells liquor, tobacco and confectionary in the six combination stores on the piers. SAR employs 148 people and had a turnover of around 85 million euros in 2014.
