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Dufry Explores Combining With Benettons’ Autogrill

  • Duty-free giant, billionaire clan are said to explore a deal
  • Benetton family would be top investor in combined entity
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Dufry AG, the world’s biggest duty-free operator, and the Benetton family’s Autogrill SpA are exploring a potential combination that would create a new global leader in travel retail, people familiar with the matter said.

Under one potential structure being discussed, Dufry would purchase Autogrill and pay in stock, according to the people, asking not to be identified as the talks are private. A deal would unite companies with a combined market value of $6.6 billion at current levels.