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Dufry Group to reorganize in the wake of acquisitions

In the past two years, Dufry Group has realized transformational growth steps with the acquisitions of The Nuance Group and World Duty Free Group.

With the acquisition of The Nuance Group in 2014 and of World Duty Free Group in 2015, Dufry has more than doubled its turnover and its EBITDA, increased its presence into 17 additional countries and 836 new retail locations, while the number of employees grew from over 16,000 to over 31,000.

Julian Díaz, CEO of Dufry Group

Julian Díaz, CEO of Dufry Group

Dufry has therefore adjusted its organizational structure to reflect the strong growth and the increased geographic footprint. Also, the business operating model will be adapted to further improve the overall organizational efficiency to sustain further growth and value creation for the shareholders.

Regions re-configurated

Dufry’s new organizational structure will be consolidated into five geographic Divisions, which will be headed by Divisional CEOs, all reporting to the Group CEO:

- Division 1: Southern Europe and Africa
- Division 2: UK, Central and Eastern Europe
- Division 3: Asia, Middle East and Australia
- Division 4: Latin America
- Division 5: North America

The new divisions match key geographic regions and provide a well-balanced weight of the group operations, allowing each Divisional CEO to focus on a clearly defined area and to be close to the market with respect to customers and landlords.

The new Group structure is a key element in the further development of our company: We want to continue to grow profitably - by increasing our sales, foster gross and operational margins, while reducing net working capital requirements - and for this we need to adapt our structure and re-think the way we work after the two recent transformational acquisitions. We are convinced that this reorganization will make Dufry even more effective in the marketplace and will strengthen our position as the leading and true travel retailer worldwide,” said Julian Díaz, CEO of Dufry Group.

The new organizational structure will be effective as of 1st January 2016.

© 2015 - Brazil Beauty News - www.brazilbeautynews.com

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