Avolta AG: Avolta Expands Footprint in Greater China with New Travel Retail Contract; Opens its First Duty Free Stores at Hong Kong - Macau Ferry Terminal

Avolta AG / Key word(s): Miscellaneous
Avolta Expands Footprint in Greater China with New Travel Retail Contract; Opens its First Duty Free Stores at Hong Kong - Macau Ferry Terminal

30.05.2024 / 18:00 CET/CEST

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Avolta, the leading global travel experience player, is thrilled to announce the opening of its new Duty-free operation in downtown Hong Kong, following its successful bid for the Hong Kong-Macau Ferry Terminal concession late last year. Located in the departures and arrivals halls respectively, the two new stores offer a diverse range of Duty-free categories including liquor, tobacco, and food with local favourites and premium international brands, expanding the company's presence in one of the most popular tourist destinations of Greater China.

Both a ferry terminal and heliport, the Hong Kong-Macau Ferry Terminal provides popular ferry services to Macau and cities in southern China. Strategically positioned in Sheung Wan, immediately to the west of Hong Kong's main business district on the north shore of Hong Kong Island, the terminal forms part of the Shun Tak Centre, a commercial and transport hub attracting around seven million passengers each year.

"We are incredibly excited to expand our presence in China and serve the passengers of the Hong Kong-Macau Ferry Pier. A key transit point for both local commuters and international travelers, our new shops are set to become a go-to destination for travelers seeking high-quality Duty-free products as they embark on their journeys or return to Hong Kong. This opportunity allows us to showcase our commitment to making travellers happier in a dynamic and vibrant environment." said Jaswinder Singh, Managing Director North Asia at Avolta.

For further information:

CONTACT

REBECCA McCLELLAN	CATHY JONGENS
Global Head Investor Relations	Director Corporate Communications
Phone: [phone]	Phone: [phone]
[e-mail]	[e-mail]

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End of Media Release

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Language:	English
Company:	Avolta AG
	Brunngässlein 12
	4010 Basel
	Switzerland
Phone:	[phone]
E-mail:	[e-mail]
Internet:	https://www.avoltaworld.com/
ISIN:	CH0023405456
Listed:	SIX Swiss Exchange
EQS News ID:	1914833

End of News	EQS News Service

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1914833 30.05.2024 CET/CEST