Autogrill Considers Splitting Travel Retail From FoodPaul Jarvis
Autogrill SpA, the world’s biggest manager of airport and highway restaurants, said it’s considering splitting its two main divisions.
A separation may entail a “partial, proportional demerger” of the travel retail and duty free unit from the food and beverage division, the Novara, Italy-based company said today in a statement.
Autogrill got about 69 percent of its 5.8 billion euros ($7.9 billion) of revenue in 2011 from the food and beverage unit, according to the company’s website.
The travel retail unit includes the World Duty Free chain of airport shops and had revenue of 1.82 billion euros in 2011.