Reported about 7 hours ago
Avolta has been awarded a contract to manage multiple duty-free and specialty retail stores at New York's John F. Kennedy Airport starting in 2026, marking one of its largest deals in North America this year. The Swiss retailer is capitalizing on a recovery in global travel following the pandemic, although analysts have expressed concerns about its competitive standing in the North American market. Avolta emphasizes strong passenger growth and an increase in spending per traveler as key indicators for future performance.
Source: YAHOO