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TR Consumer Forum: ARI, Heathrow and MAG deliver stirring keynote
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ARI and DFWC join Forum s powerful speaker line-up | Travel Retail Business
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Leading DF&TR operators back accelerating TR Consumer Forum
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Aer Rianta International reports group loss of €66 5m in 2020 due to Covid-19
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Cyprus.
ARI Chief Executive Ray Hernan said: “Like all of our peers in the global travel retail sector, ARI had a very difficult year in 2020.
“Our turnover for last year was affected by the pandemic in all locations, and we saw significant disruption due to travel restrictions and border closures.
“All of our outlets with the exception of Bahrain Duty Free and Qatar Distribution Centre were closed for a time during 2020, some for extended periods.”
‘Swift but necessary action’
Working with airport partners, ARI says it has taken steps to “share the burden” by renegotiating commercial terms and extending some contracts. Government support was also available in some locations and restructuring took place in areas which led to about 1,000 people leaving the company.