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Sep 2, 2021 | Financial

Jd.com and lagardère travel retail announced a partnership.

JD.com and Lagardère Travel Retail announced establishing a partnership on Sept 2nd including a JD’s minority equity investment into the global leading travel retailer for its North Asia business which encompasses Travel Retail & Duty-free activities in mainland China, Hong Kong and Japan.

The two sides will cooperate in areas including omni-channel retail, smart supply chain, logistics and analytics, said the accouchement.

Lagardère Travel Retail will leverage JD’s digital expertise to enable new customer experiences and services throughout its retail network in airports and railway stations . The partners will develop omni-channel duty-free and duty-paid shopping offers aimed at travelling consumers with a focus on high-quality customer engagement across product categories.

Meanwhile, JD Worldwide, the global import platform of JD.com, will join forces with Lagardère Travel Retail to further develop its duty-free business.

The announcement noted that JD.com is a leading e-commerce company transforming to become a technology-driven supply chain and service provider. The company’s cutting-edge retail infrastructure enables consumers to buy whatever they want, whenever and wherever they want it. Its unrivaled strength in logistics allows it offer same-day and next-day delivery to almost all of China’s population, a strength that will complement Lagardère Travel Retail’s leading position in domestic duty-paid travel retail and growing presence in duty-free in Asia.

Commenting on the transaction, Dag Rasmussen, Chairman & Chief Executive Officer of Lagardère Travel Retail said: “We are very pleased to announce this alliance with prestigious partners which will be transformative for our operations in China and will benefit our global travel retail network through increased digitalization, omni-channel shopping experiences and best practices in supply chain management. Beyond commercial opportunities, Lagardère Travel Retail and JD.com have a shared commitment to making positive contributions to society through inclusiveness and sustainability which makes this partnership even more meaningful.”

Eudes Fabre, CEO for North Asia at Lagardère Travel Retail, added: “Our  partnership with JD.com reflects our ambition to play a leading role in the development of China’s dynamic travel retail sector and contribute to the expansion of the domestic duty-free industry. The expertise of our partners will help position us for the next phase of growth in the region while creating exciting new possibilities for our customers and partners in the region. The growth of domestic consumption in China and the digitalization of the travel experience are powerful and positive trends for our business in the years to come.”

Simon Han, Vice President of JD.com who supervises JD Worldwide said: “Our cooperation with Lagardère Travel Retail can enhance our respective strengths and bring mutual benefits, allowing us to explore more opportunities in the travel retail sector.  At the same time, we will join hands to develop a comprehensive cooperation that will create richer shopping choices and a better experience for customers.”

Zhengwei Hu, Vice President and head of Strategic Investment of JD.com , added: “We are pleased to become a partner of Lagardère Travel Retail, a global leader in its sector. We will use the synergies generated by our respective advantages to jointly promote the digital transformation of the duty-free and travel retail industries, creating a supply chain system with higher efficiency and a better shopping experience.”

Having launched operations in mainland China in 2007 and Japan in 2020, Lagardère Travel Retail is now present in 32 airports and 28 high-speed railway stations in North Asia, with a network of 480 stores across categories including luxury, duty-free, travel essentials, specialty retail and food & beverage. Lagardère’s mission is to enrich the journey of travelers and maximize the performance of the commercial assets of airport and railway operators through its innovative portfolio of retail & food service concepts and its commitment to operational excellence.

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Parent item expand the sub menu, jd.com and jic taking minority stake in lagardère travel retail asia.

They are paying 720 million renminbi, or about 94 million euros, for a 22.36 percent share in the travel-retail operator’s Asia-based operation.

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PARIS — E-commerce platform JD.com and investment firm JIC are taking a minority stake in Lagardère Travel Retail Asia.

Lagardère said Thursday that it has signed an agreement whereby together they’d hold 22.36 percent. JD.com would own 18.63 percent of the Asia concern’s share capital and JIC, 3.73 percent.

The deal, which involves a cash contribution of 720 million renminbi, or about 94 million euros, should close in September. Lagardère said the acquisition is to have a favorable net effect of about 79 million euros on the group’s net debt.

In the first half ended June 30, Lagardère’s net debt was stable at 1.72 billion euros, versus 1.73 billion euros at Dec. 31, 2020.

“This minority stake is part of a strategic partnership that will accelerate Lagardère Travel Retail ’s development in Asia, particularly through digital distribution channels,” the company said in a statement Thursday. “Lagardère Travel Retail Asia will draw on the digital expertise of JD.com to develop best practices in supply chain and data analytics, and provide new customer experiences and services throughout its retail network, with the expansion of omnichannel shopping offers.”

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Lagardère Travel Retail Asia spans the North Asia zone, which includes mainland China, Hong Kong and Japan. It operates in 32 airports and 28 high-speed train stations, with a network of 480 stores that trade in travel essentials, duty free and fashion, and food services. Lagardère Travel Retail Asia generated revenues of 148 million euros in 2020.

During the pandemic another notable travel-retail tie-in in Asia took place in October 2020, when Alibaba acquired a 6.1 percent stake in the world’s largest travel-retail operator, Dufry, to develop the group’s business in China. That capital increase was worth 820 million Swiss francs, or $896.3 million

The coronavirus crisis ground the travel retail industry to a complete halt, as people could no longer take trips. That has had a major impact on the business of luxury fragrance and beauty brands that comprise the channel’s number-one product category.

Pre-pandemic, the channel was posting double-digit gains in many parts of the world, driven by the Chinese consumer, but those were slashed in 2019 and 2020. Most operators are noting a gradual recovery these days.

The news about Lagardère Travel Retail Asia comes less than one day after it was revealed Wednesday that luxury titan Bernard Arnault is exiting the personal holding company of Arnaud Lagardère, who serves as chief executive officer of Lagardère SA.

FOR MORE, SEE:

Dufry Group’s Q1 Sales Sink 68%

Alibaba Takes 6.1% Stake in Dufry Travel-retail Operator

L’Oréal Travel Retail Chief Talks Business

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Lagardère Travel Retail strikes strategic partnership with JD.com and JIC; Chinese eCommerce giant and state fund to take minority US$111 million stake

CHINA/FRANCE. In major breaking news, ecommerce giant JD.com and leading Chinese state-owned fund JIC are investing in Lagardère Travel Retail’s North Asia business which encompasses travel retail & duty free activities in Mainland China, Hong Kong and Japan.

Recognising the value of Lagardère Travel Retail’s extensive presence in key transportation hubs, leading market position and growth prospects, JD.com and JIC will invest a combined CNY720 million (US$111.4 million) in Lagardère Travel Retail’s North Asia business and hold 22.36% of the company’s post-offering share capital.

The transaction is subject to the customary closing process and is expected to be completed in September 2021.

Lagardère Travel Retail said that the partnership will position it for accelerated growth in China. It will also contribute to the evolution of its business model “in an increasingly digitalised world where consumers expect an omnichannel customer experience driven by supply chain performance, consumer insights and loyalty recognition”.

Lagardère Travel Retail and JD.com will cooperate in areas including omnichannel retail, smart supply chain, logistics and analytics. Lagardère Travel Retail will leverage JD’s digital expertise to enable new customer experiences and services throughout its retail network in airports and railway stations.

The partners will develop omnichannel duty free and duty paid shopping offers aimed at travelling consumers with a focus on high-quality customer engagement across product categories. JD Worldwide, the global import platform of JD.com, will join forces with Lagardère Travel Retail to further develop its duty free business.

JD.com is a leading ecommerce company transforming to become a technology-driven supply chain and service provider. The company’s cutting-edge retail infrastructure enables consumers to buy whatever they want, whenever and wherever they want it. Its capabilities in logistics allow it to offer same-day and next day delivery to almost all of China’s population, a strength that will complement Lagardère Travel Retail’s leading position in domestic duty paid travel retail and a growing presence in Asia duty free,

Lagardère Travel Retail Chairman & Chief Executive Officer Dag Rasmussen said, “We are very pleased to announce this strategic alliance with prestigious partners which will be transformative for our operations in China and will benefit our global travel retail network through increased digitalisation, omni-channel shopping experiences and best practices in supply chain management.

“Beyond commercial opportunities, Lagardère Travel Retail, JD.com and JIC have a shared commitment to making positive contributions to society through inclusiveness and sustainability which makes this partnership even more meaningful.”

Lagardère Travel Retail CEO for North Asia Eudes Fabre added: “Our strategic partnership with JD.com and JIC reflects our ambition to play a leading role in the development of China’s dynamic travel retail sector and contribute to the expansion of the domestic duty free industry.

“The expertise of our partners will help position us for the next phase of growth in the region while creating exciting new possibilities for our customers and partners in the region. The growth of domestic consumption in China and the digitalisation of the travel experience are powerful and positive trends for our business in the years to come.” [Eudes Fabre will speak on the subject of digitalisation in travel retail at the forthcoming Virtual Travel Retail Expo in October].

Simon Han, Vice President of JD.com, who supervises JD Worldwide said: “Our strategic cooperation with Lagardère Travel Retail can enhance our respective strengths and bring mutual benefits, allowing us to explore more opportunities in the travel retail sector.  At the same time, we will join hands to develop a comprehensive cooperation that will create richer shopping choices and a better experience for customers.”

JD.com Vice President and Head of Strategic Investment Zhengwei Hu added: “We are pleased to become a strategic partner of Lagardère Travel Retail, a global leader in its sector. We will use the synergies generated by our respective advantages to jointly promote the digital transformation of the duty-free and travel retail industries, creating a supply chain system with higher efficiency and a better shopping experience.”

Having launched operations in Mainland China in 2007 and Japan in 2020, Lagardère Travel Retail is now present in 32 airports and 28 high-speed railway stations in North Asia, with a network of 480 stores across categories including luxury, duty-free, travel essentials, specialty retail and food & beverage.

Lagardère’s mission is to enrich the journey of travellers and maximise the performance of the commercial assets of airport and rail operators through an innovative portfolio of retail & food service concepts and a commitment to operational excellence.

ABOUT LAGARDÈRE TRAVEL RETAIL

One of the two divisions of the Lagardère group, Lagardère Travel Retail is a global leader in the travel retail industry. Operating over 4,850 stores across Travel Essentials, Duty-Free & Fashion and Foodservice in airports, railway stations and other concessions in 39 countries and territories, Lagardère Travel Retail generated €5.5 billion in sales in 2019 (managed 100%).

ABOUT JD.COM

JD.com is a leading technology driven ecommerce company transforming to become the leading supply chain-based technology and service provider. The company’s cutting-edge retail infrastructure seeks to enable consumers to buy whatever they want, whenever and wherever they want it. The company has opened its technology and infrastructure to partners, brands and other sectors, as part of its Retail as a Service offering to help drive productivity and innovation across a range of industries.

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Lagardère Travel Retail signs deal with JD.com to accelerate North Asia business

By DFNI Staff Writer in Airports , Asia/Pacific , Digital Commerce , Financial News , Latest News , Lead Stories , Online and preorder , Research , Retail News September 2, 2021 Comments Off on Lagardère Travel Retail signs deal with JD.com to accelerate North Asia business

The move will help the division accelerate development in China and the broader Asian region

Lagardère Travel Retail has entered in strategic partnership with e-commerce giant JD.com, including a minority equity investment, to accelerate development in China and the broader Asian region

JD.com and leading state-owned fund JIC are investing RMB720m in Lagardère Travel Retail’s North Asia business which encompasses Travel Retail & Duty-Free activities in mainland China, Hong Kong and Japan.  JD.com and JIC will hold 22.36% of the company’s post-offering share capital. The transaction is subject to the customary closing process and is expected to be completed in September 2021.

This partnership aims to position Lagardère Travel Retail for accelerated growth in China and contribute to the evolution of its business model “in an increasingly digitalised world where consumers expect an omnichannel customer experience driven by supply chain performance, consumer insights and loyalty recognition.”

Lagardère Travel Retail and JD.com will cooperate in areas including omnichannel retail, smart supply chain, logistics and analytics. Lagardère Travel Retail will leverage JD’s digital expertise to enable new customer experiences and services throughout its retail network in airports and railway stations. The partners will develop omnichannel duty-free and duty-paid shopping offers aimed at travelling consumers with a focus on high-quality customer engagement across product categories. JD Worldwide, the global import platform of JD.com, will join forces with Lagardère Travel Retail to further develop its duty-free business.

JD.com is a leading e-commerce company transforming to become a technology-driven supply chain and service provider. The company’s cutting-edge retail infrastructure enables consumers to buy whatever they want, whenever and wherever they want it. Its unrivaled capabilities in logistics allows it offer same-day and next day delivery to almost all of China’s population, a strength that will complement Lagardère Travel Retail’s leading position in domestic duty-paid travel retail and growing presence in duty-free in Asia.

Dag Rasmussen

Dag Rasmussen, Chairman & Chief Executive Officer of Lagardère Travel Retail said: “We are very pleased to announce this strategic alliance with prestigious partners which will be transformative for our operations in China and will benefit our global travel retail network through increased digitalization, omni-channel shopping experiences and best practices in supply chain management. Beyond commercial opportunities, Lagardère Travel Retail, JD.com and JIC have a shared commitment to making positive contributions to society through inclusiveness and sustainability which makes this partnership even more meaningful.”

Simon Han, Vice President of JD.com who supervises JD Worldwide said: “Our strategic cooperation with Lagardère Travel Retail can enhance our respective strengths and bring mutual benefits, allowing us to explore more opportunities in the travel retail sector. At the same time, we will join hands to develop a comprehensive cooperation that will create richer shopping choices and a better experience for customers.”

Zhengwei Hu, Vice President and Head of Strategic Investment of JD.com, added: “We are pleased to become a strategic partner of Lagardère Travel Retail, a global leader in its sector. We will use the synergies generated by our respective advantages to jointly promote the digital transformation of the duty-free and travel retail industries, creating a supply chain system with higher efficiency and a better shopping experience.”

Having launched operations in mainland China in 2007 and Japan in 2020, Lagardère Travel Retail is now present in 32 airports and 28 high-speed railway stations in North Asia, with a network of 480 stores across categories including luxury, duty-free, travel essentials, specialty retail and food & beverage.

Tagged with: JD.com Lagardère Travel Retail Lagardère Travel Retail North Asia

Retail in Asia

JD.com partners with Lagardère Travel Retail

JD.com and Lagardère Travel Retail announced a partnership on 2nd September, including a JD’s minority equity investment into the global leading travel retailer for its North Asia business which encompasses Travel Retail & Duty-free activities in mainland China, Hong Kong and Japan.

SEE ALSO :  Victoria’s Secret launches on JD.com

The two sides will cooperate in areas including omni-channel retail, smart supply chain, logistics and analytics, said the announcement.

Lagardère Travel Retail will leverage JD’s digital expertise to enable new customer experiences and services throughout its retail network in airports and railway stations. The partners will develop omni-channel duty-free and duty-paid shopping offers aimed at travelling consumers with a focus on high-quality customer engagement across product categories.

Meanwhile, JD Worldwide, the global import platform of JD.com, will join forces with Lagardère Travel Retail to further develop its duty-free business.

The announcement noted that JD.com is a leading e-commerce company transforming to become a technology-driven supply chain and service provider. The company’s cutting-edge retail infrastructure enables consumers to buy whatever they want, whenever and wherever they want it. Its unrivaled strength in logistics allows it offer same-day and next-day delivery to almost all of China’s population, a strength that will complement Lagardère Travel Retail’s leading position in domestic duty-paid travel retail and growing presence in duty-free in Asia.

Commenting on the transaction, Dag Rasmussen, Chairman & Chief Executive Officer of Lagardère Travel Retail said, “We are very pleased to announce this alliance with prestigious partners which will be transformative for our operations in China and will benefit our global travel retail network through increased digitalisation, omni-channel shopping experiences and best practices in supply chain management. Beyond commercial opportunities, Lagardère Travel Retail and JD.com have a shared commitment to making positive contributions to society through inclusiveness and sustainability which makes this partnership even more meaningful.”

Eudes Fabre, CEO for North Asia at Lagardère Travel Retail, added, “Our partnership with JD.com reflects our ambition to play a leading role in the development of China’s dynamic travel retail sector and contribute to the expansion of the domestic duty-free industry. The expertise of our partners will help position us for the next phase of growth in the region while creating exciting new possibilities for our customers and partners in the region. The growth of domestic consumption in China and the digitalisation of the travel experience are powerful and positive trends for our business in the years to come.”

Simon Han, Vice President of JD.com who supervises JD Worldwide said, “Our cooperation with Lagardère Travel Retail can enhance our respective strengths and bring mutual benefits, allowing us to explore more opportunities in the travel retail sector.  At the same time, we will join hands to develop a comprehensive cooperation that will create richer shopping choices and a better experience for customers.”

Zhengwei Hu, Vice President and Head of Strategic Investment of JD.com, added, “We are pleased to become a partner of Lagardère Travel Retail, a global leader in its sector. We will use the synergies generated by our respective advantages to jointly promote the digital transformation of the duty-free and travel retail industries, creating a supply chain system with higher efficiency and a better shopping experience.”

SEE ALSO :  Kiehl’s launches on JD.com

Having launched operations in mainland China in 2007 and Japan in 2020, Lagardère Travel Retail is now present in 32 airports and 28 high-speed railway stations in North Asia, with a network of 480 stores across categories including luxury, duty-free, travel essentials, specialty retail and food & beverage. Lagardère’s mission is to enrich the journey of travelers and maximise the performance of the commercial assets of airport and railway operators through its innovative portfolio of retail & food service concepts and its commitment to operational excellence.

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Lagardère TR fortifies JD alliance after striking cooperation deal with CNSC

By Luke Barras-hill | Tuesday, 1 March 2022 9:10

CNSC’s Sanya International Duty Free Plaza on Hainan island located downtown at Hangzhou Square. Substantial upgrades unveiled in October.

Lagardère Travel Retail and JD.com have strengthened their joint venture alliance after partnering with China National Service Corporation (CNSC).

The cooperation with CNSC, agreed yesterday (28 February), is designed ‘to build a more convenient and reliable duty free shopping experience for customers’, JD confirmed in a statement seen by TRBusiness.

Sinopharm subsidiary CNSC enjoys exposure across duty free points of sale at airports, sea ports and downtown in China and through its surging offshore business on Hainan island .

“The cooperation will leverage all sides’ advantageous resources to strengthen CNSC’s online and offline duty free business, cross-border e-commerce and so on,” continued the statement.

“Meanwhile, it will also promote the digital intelligent transformation of the duty-free industry from the traditional business model.

JV TO ‘COMPREHENSIVELY EXPAND’

“Established in Hong Kong and controlled by JD, the joint venture between JD and Lagardère Travel Retail, namely JD Worldwide-Lagardere (HK) Company Limited, will comprehensively expand its duty free related business.”

This is designed to capitalise on Lagardère Travel Retail’s experience in bricks-and-mortar offline travel retailing and luxury operations, together with JD’s prowess in supply chain, infrastructure, and omni-channel activities.

As reported , e-commerce juggernaut JD and state-owned fund China Jianyin Investment (JIC) moved to acquire a minority stake (22.36%) in Lagardère Travel Retail Asia in September.

Eudes Fabre, Lagardère Travel Retail CEO for North Asia, told TRBusiness at the time that the tie-up was focused on two core objectives: growth acceleration within China and the wider region and quickening the digitalisation of the travel retail business model.

TRBusiness aims to bring you further comment in due course.

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Lagardère Travel Retail to sell minority stake to JD.com and JIC

Of the total 22.36% stake in the business, JD.com will hold 18.63% and JIC 3.73%.

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France-based travel retail company Lagardère Travel Retail has agreed to divest a minority stake in its Asian business to e-commerce retailer JD .com and investment firm JIC for CNY720m ($111.4m).

The deal is intended to support Lagardère Travel Retail’s growth in the region, with a focus on digital distribution channels.

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The acquired business covers the division’s North Asia business, including mainland China, Hong Kong and Japan.

JD.com will take over 18.63% of the business, while JIC will receive a 3.73% share. This represents a total of 22.36% of the share capital.

JD.com Strategic Investment vice-president and head Zhengwei Hu said: “We will use the synergies generated by our respective advantages to jointly promote the digital transformation of the duty-free and travel retail industries, creating a supply chain system with higher efficiency and a better shopping experience.”

Lagardère Travel Retail Asia has a network of 480 stores across 32 airports and 28 high-speed train stations.

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The business operates in all segments in travel essentials, duty-free, fashion and foodservice. It generated a total of €148m ($175m) in revenue last year.

Lagardère Travel Retail chairman and CEO Dag Rasmussen said: “We are very pleased to announce this strategic alliance with prestigious partners, which will be transformative for our operations in China and will benefit our global travel retail network through increased digitalisation, omnichannel shopping experiences and best practices in supply chain management.

“Beyond commercial opportunities, [ourselves], JD.com and JIC have a shared commitment to making positive contributions to society through inclusiveness and sustainability, which makes this partnership even more meaningful.”

The deal is due to close this month subject to customary closing conditions.

In July, Lagardère Travel Retail signed a long-term profit-sharing duty-free agreement with Peruvian air travel company Lima Airport Partners.

The 13-year concession contract, effective from next January, is based on profit sharing for the operation of duty-free stores at Jorge-Chávez International Airport.

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Us47215p1066, department stores.

• JD com : Venture of JD, Lagardere Enters Into Duty-Free Cooperation With CNSC

by Doris Liu

A joint venture between JD and its French partner Lagardere Travel Retail entered into cooperation with the China National Service Corporation for Chinese Personnel Working Abroad (CNSC), a subsidiary of Sinopharm, on February 28, aiming to build a more convenient and reliable duty-free shopping experience for customers.

CNSC's duty free business operates across China with full coverage of the duty-free channels of air, land and sea ports, and municipalities. The cooperation will leverage all sides' advantageous resources to strengthen offshore, online and offline duty-free business, cross-border e-commerce and so on. Meanwhile, it will also promote the digital intelligent transformation of the duty-free industry from the traditional business model.

With policies in favor of the cross-border e-commerce being introduced, more and more traditional duty-free companies are seeking digital transformations. Established in Hong Kong and controlled by JD, the joint venture between JD and Lagardere Travel Retail, namely JD Worldwide-Lagardere (HK) Company Limited, will comprehensively expand its duty-free related business, capitalizing on Lagardere's years of offline experience in traditional travel retail and luxury retail operations, as well as JD's industry-leading ability of supply chain, retail infrastructure, and omni-channel operation capabilities.

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Home » Press releases » Lagardère Travel Retail opens first official Paris 2024 boutiques in Travel Retail thanks to an exclusive contract with the Organizing Committees for the Olympic Games (OCOG) in Travel Retail

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Lagardère Travel Retail opens first official Paris 2024 boutiques in Travel Retail thanks to an exclusive contract with the Organizing Committees for the Olympic Games (OCOG) in Travel Retail

Lagardère Travel Retail

• Lagardère Travel Retail website

Paris, 27 may 2024

The official boutiques, strategically located in Paris and Lyon, will offer a comprehensive range of products to travelers, allowing them to equip themselves with Paris 2024 items upon arrival and purchase unique souvenirs upon departure from France.

Seven boutiques in total are planned, with five already open at Lyon Saint Exupéry Airport, and in Paris, at Gare de Lyon, Gare du Nord, Châtelet-Les Halles RER metro station and Gare Montparnasse. The remaining two boutiques will be located at the esplanade of the Eiffel Tower and Gare de l’Est. The stores will offer a wide range of licensed Paris 2024 products, including fashion items for men, women, and children such as T-shirts, sweaters, and caps, as well as souvenirs like plush toys, mugs, and water bottles, along with travel bags and pillows.

In addition to the official boutiques, 200 strategically located Relay shops in train stations, metros, and airports in cities hosting Olympic competitions provide a comprehensive range of licensed Paris 2024 items which may vary depending on the store.

On top of selling Paris 2024 products, Relay shops embrace the Olympic Games through unique activations with partner brands Visa and Coca Cola (both official Olympic Games partners), allowing travelers to win tickets to attend the Olympic Games. In this way Relay reaffirms its commitment to providing travelers with more than just products to transform travel into enjoyable and personal experiences. This exclusive contract with OCOG reinforces Lagardère Travel Retail’s commitment to customers by offering local souvenir products at the heart of current events, confirming Relay’s ambition to stay one step ahead of travelers’ desires.

ABOUT LAGARDERE TRAVEL RETAIL  One of the two priority divisions of Lagardère group, Lagardère Travel Retail is a leading global Travel Retailer, with the longest standing expertise of serving the needs of travelers and partners across Travel Essentials, Duty Free & Fashion and Foodservice. Lagardère Travel Retail operates over 5,120 stores in airports, railway stations and other concessions in 42 countries, and has generated €6.6 bn in sales (100%) in 2023.  ​We harness our pioneering culture to make travel more enjoyable with bespoke offers and experiences. We invest our world-class global expertise and local knowledge to design value-creating partnerships and experiences for our stakeholders: landlords, brands, travelers, employees and communities.  ​We actively champion the more sustainable future of Travel Retail through our comprehensive CSR strategy, covering all aspects of where we, as a business, have an impact and can make a difference.   www.lagardere-tr.com   ●  @LagardereTR 

Emeline Bizot - International Communications Manager

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Fraport and CGI to Accelerate Digitalisation at Frankfurt Airport

Fraport and cgi to accelerate digitalisation at frankfurt airport, airport operations.

by Tiana May

Published 27 Apr 2023

Tags Consultancy Services Digital Solutions FRA Germany

Fraport AG has partnered with IT consulting services provider, CGI to accelerate the digitalisation of Frankfurt Airport (FRA) under a five-year framework agreement.

This project aims to enhance the passenger experience at Frankfurt Airport while increasing its overall competitiveness through the use of new digital business models and technologies.

Specifically, the framework agreement will move more of the airport’s applications to the cloud as part of a strategic IT realignment.

Fraport and CGI will also work together to integrate additional advanced technologies such as intelligent automation and artificial intelligence within the airport’s operations.

Fraport hopes to leverage these technologies to support airport staff in their daily work, particularly for ground handling services.

“We are realigning Frankfurt Airport technologically—a major task and, with CGI, we have found a flexible and competent partner. We are excited about working with CGI on new ideas and solutions that we can implement together quickly and securely.”

Throughout the airport’s cloud transformation, CGI will provide consulting, cloud solutions and managed IT services to help ensure an optimal and timely migration process.

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