Foreign media: Alibaba will buy no more than 10percent shares of duty-free retailer dufry

category:Finance
 Foreign media: Alibaba will buy no more than 10percent shares of duty-free retailer dufry


In the first half of 2020, dufrys revenue plummeted to 1 587 million Swiss francs (about 1.734 billion US dollars), a 62% decrease due to the outbreak of the new crown. Dufry had been the number one global travel retailer in the Moodie davitt report for six years.

However, according to Jelena Sokolova, an analyst at Morningstar, the US financial services company, dufry will grow by 4% a year over the next decade as passenger numbers increase and airport stores expand.

It is understood that dufry is the worlds largest duty-free retailer, headquartered in Switzerland, with nearly 36000 employees and operating in more than 65 countries and regions around the world.