Labelling requirements ‘regulatory threat’ to travel retail
Product labelling requirements are a “regulatory threat” to the travel retail industry, the president of the TFWA has warned.
Speaking at the TFWA World Exhibition & Conference in Cannes, France, last week, Alain Maingreaud, president of the TFWA, highlighted several challenges facing the travel retail industry.
Product labelling requirements for alcoholic beverages was one such issue currently facing the sector.
“Product labelling requirements are a further example of regulatory threat,” Maingreaud said. “They can erode the distinction between sales to travellers and sales on the high street, further reducing the attraction of duty free and travel retail.”
Last month, a new report suggested the introduction of plain packaging legislation could cost the global drinks industry US$430 billion.
The report, by valuation consultancy Brand Finance, considered the impact plain packaging could have on four industries: alcohol, confectionary, savoury snacks and sugary drinks.