RegStaer Group

In June 2019, Dufry signed an agreement to acquire a 60% stake of RegStaer Vnukovo. The operation is expected to be fully consolidated by Dufry in the second semester following customary approvals. This latest acquisition gives the business an opportunity to feature the RegStaer Group of Companies as part of the Dufry Group.

The partnership between Dufry and RegStaer started in January 2012 when Dufry acquired 51% of a joint venture with RegStaer Group’s business at Sheremetyevo International Airport in Moscow, Russia, and set the base for the recent acquisition of RegStaer’s Vnukovo operation.

The recent acquisition will significantly increase Dufry’s presence at Moscow airports next to the operations at Sheremetyevo and Domodedovo airports. Additionally, this important step consolidates Dufry’s position in Russia with regard to its existing operations in Saint Petersburg, Sochi and Krasnodar. Dufry is now present in seven of Russia’s ten largest airports, with the opportunity to serve both domestic and international passengers. Dufry will now be able to maximize further operational efficiencies through the integration of the management offices of its operations in the Moscow area.

Dufry gains a great retail package at Vnukovo International Airport, as RegStaer operates duty-free and duty-paid shops at the airport. RegStaer opened an impressive 6,800 m² new walk-through store at Vnukovo International Airport in June and started to operate its first arrivals duty-free business with the new 1,300 m² Duty Free Moscow walk-through shop.
Vnukovo International Airport is a profitable operation, which generated sales of €58.8 million in the 2018 financial year. The airport handles around 22 million passengers annually and is one of the three most important airports of the Russian capital, Moscow.

Long-standing Partnership
The acquisition strengthens Dufry’s successful partnership with RegStaer, which Dufry CEO Julián Díaz and RegStaer Founder and Chairman Alexander Baev have established over the past 20 years.
The RegStaer Group of Companies was founded in 1998 and has ever since been one of the leading operators in Russian travel retail. It is one of the main duty-free operators at Sheremetyevo Airport, where the company opened its first duty-free store in 1999.

Overview Milestones RegStaer at Vnukovo International Airport:

• 2005 − New duty-free store at new international Terminal B.

• 2006 − First duty-free store for pilots, the Pilot Shop.

• 2007 − A duty-free store opened in one of the largest Business Aviation Centers in Europe, Terminal 3.

• 2012 − Dufry becomes the general partner of the RegStaer Group of Companies and co-owner of a part of the assets.

• 2012 − RegStaer Group of Companies becomes the leading operator of duty-free shops at the new and most modern Terminal A. First shops of perfumery and cosmetics, watches and jewelry, alcohol and food in the zone of international departures at Terminal A.

• 2013 − First stores in the duty-paid format in the zone of domestic departures at Terminal A. Duty & Beauty perfumery stores, Duty & Sunny sunglasses, Duty & Trendy fashion and footwear.

• 2014 − First Victoria’s Secret boutique opened its doors.

• 2015 – Opening of Natura Siberica boutique.

• 2016 − First Duty & Shops store started operations in the arrivals area of domestic lines.

• 2017 − Seven stores opened at Terminal A in the zone of international departures. Haute Parfumerie stores with niche and selective perfumery, modern young fashion boutique, Michael Kors store, Hudson store, duty-free watches boutique and duty-free electronics store.

• 2018 – Opening of new stores at Terminal A. A walk-through store, the first arrivals duty-free shop and Max Mara Weekend corner in the international departures area.