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- Sales under the new agreement are expected to top 20 million euros over the duration of the contracts (five years for two locations and six years for one location)
- Through HMSHost, Autogrill will operate three new points of sale in addition to the six the Group has already been awarded at the airport
Through HMSHost International, Autogrill Group (Milan: AGL IM) is strengthening its operations at Beijing Capital International Airport with three new points of sale which will complement the six existing ones and which are soon to be opened.
The three points of sale are expected to generate sales of over 20 million euros over the duration of the contracts, which will be five years for the Heineken Bar and Urban Food Market and six years for the Du Hsiao Yueh point of sale.
HMSHost will operate the three new points of sale through HMSHost Huazhuo (Beijing) Catering Management Co. Ltd., a joint venture with local partner Huazhuo[1], as with the previous six awarded to it at Beijing Airport. This strengthens a strategic partnership for Autogrill, which with Huazhuo intends to further expand its business at Beijing Airport and on Chinese coasts.
“We are thrilled to be expanding our operations in China with the award of these points of sale at Beijing Capital International Airport and those we won last April when we entered the country. Further, the commercial partnership with the well known brand Du Hsiao Yueh helps to strengthen HMSHost’s presence in the Asia Pacific region,”said HMSHost International CEO Walter Seib.
[1] HMSHost International holds 60% of the joint venture and Huazhuo 40%.