Market News

Recent Developments:

In October 2022, The Nescafe plan 2030: the company’s comprehensive plan to support more sustainable coffee cultivation, was unveiled by Nescafe, nestles most prominent coffee brand and one of the most popular coffees in the world. The company is speeding up its decade long efforts under the Nescafe plan by collaborating with coffee farmers to assist them in making the switch to regenerative agriculture.
In February 2022, large scale adjustments must be made in how agricultural raw materials are produced and sourced to fulfill Nestles net zero roadmaps and transition to a regenerative food system. Nestle announced the establishment of the Nestle Institute of Agricultural sciences to integrate cutting edge agricultural research into practical applications and find the most promising agricultural innovations.
In February 2021, Dufry-owned Hudson Group officially opened its first Hudson Nonstop store using Amazon’s Just Walk Out technology at Dallas Love Field Airport (DAL) on February 22, 2021. The Just Walk Out technology allows customers to pick up products in a physical store, pay for their items, and leave.
In January 2021, DFS opened the first phase of a new downtown duty-free retail complex in Haikou Mission Mills, Hainan, China, on January 30, 2021, in partnership with Shenzhen Duty Free Group. DFS Group is to feature a luxury line-up across various categories at the first China International Consumer Products Expo to be held in Hainan on May 7-10, 2021. Co-sponsored by the Ministry of Commerce and the People’s Government of Hainan Province, the Consumer Expo is the first state-level exhibition to focus on consumer products.

Duty Free Retailing Market Report Snapshots