Heinemann and Copenhagen Airports extend deal
Gebr. Heinemann Retail and Copenhagen Airports (CPH) have agreed an early extension to their concession agreement, adding another five years to the deal originally set to expire in March 2018.
Heinemann operates six tax-free stores at the airport, with a total area of around 3,600sm.
Initial negotiations began early due to the long-term infrastructure plans at Copenhagen Airport, according to the retailer.
“I’m delighted that we have attained this early agreement extension, as it not only highlights our partner’s trust in us, but it also reflects the success of our company, as well as our brand at the Copenhagen site,” said Raoul Spanger, executive director of retail at Gebr. Heinemann.
“In this respect, we will start converting our main shop in Terminal 2, which will be a benchmark for modern duty free shops with a completely new design and an even stronger presence for our focus on ‘Local Sense’.”
Copenhagen Airports chief commercial officer, Peter Krogsgaard, added: “A new prolongation with Heinemann allows us to plan our current airport development, which is needed to serve our growing passenger numbers and to offer our passengers the very best of airport retail.
“It is a pleasure to prolong a fruitful partnership that will secure our passengers the best retail solutions, newest brands and with guaranteed savings.”
Heinemann employs around 350 people in Copenhagen and celebrated its 10th anniversary at the airport on 1 March 2017.
The travel retailer saw its group turnover climb 5.6% to US$4 billion in 2016, a “satisfying” result in a year of “unexpected events”, the owners said.