Gebr. Heinemann has completed the acquisition of James Richardson’s duty-free operations in Israel, making JR/Duty Free Israel a fully owned subsidiary. This transaction, which received all necessary regulatory approvals, ensures continuity in management and staff, with Garry Stock and Amnon Tagori remaining as leaders. Evelyn Danos of James Richardson highlighted the difficult decision to divest after over 50 years in duty-free business. Raoul Spanger of Gebr. Heinemann emphasized the commitment to employee safety and business expansion. This acquisition, initially considered during the COVID-19 pandemic, is unrelated to current events.
About Gebr. Heinemann
Gebr. Heinemann is a leading international distributor and retailer in the travel retail market. Founded in 1879, the company has a strong presence in airports, offering a diverse range of products including perfumes, cosmetics, spirits, tobacco, fashion, accessories, and confectionery. Gebr. Heinemann is known for its commitment to quality and customer service, catering to travelers’ needs in over 100 airports worldwide. gebr-heinemann.de
About JR/Duty Free
JR/Duty Free, a well-known name in the travel retail industry, specializes in duty-free shopping. The company offers a wide range of products, including luxury goods, beauty products, spirits, and souvenirs, catering to travelers in various international locations. JR/Duty Free is recognized for its commitment to providing a high-quality shopping experience, combining an extensive product selection with exceptional customer service. dutyfree.co.il
For more details, you can read the full articles on The Moodie Davitt Report and on the Heinemann LinkedIn page.