Autogrill enters China at Beijing and Sanya airports

The Group’s growth strategy moves forward in the Asiatic area

  • The Company will operate in the airports under joint ventures formed with Huazhuo and Cosmos, two leading local airport food&beverage operators
  • Total revenues are estimated at around euro 50 million over the entire duration of the two contracts
Wednesday, April 1, 2015 - 11:46

Through its HMSHost International division, Autogrill Group (Milan: AGL IM) enters China and gives new impetus to its expansion in Asiatic markets with the signing of two agreements to open 10 food&beverage points of sale at Beijing and Sanya International Airports in 2015.

At Beijing Airport, business will be run by a joint venture with Huazhuo[1], a major local airport food&beverage operator. The six locations here are expected to produce overall sales of €44m in the six year contract duration.

At Sanya Airport, one of the country’s main tourist destinations, Autogrill has formed a partnership with Cosmos[2], a Chinese operator with long experience in foodservice and retail, to run four locations, of which two to be managed directly by Autogrill and two under sub-concession. The Company expects business here to generate total revenues of €6m in the period 2015-2020.

[1] 60% Autogrill / 40% Huazhuo.

[2] 50% Autogrill / 50% Cosmos and thus consolidated on an equity basis.