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Lagardere Travel Retail establishes presence at Munich Airport
The French specialist in airport and railway retail enters Germany's second-largest airport after acquiring a portfolio of six outlets in the secure area.
Lagardere Travel Retail has announced the acquisition of Aichinger Gastro, a company operating six outlets in the secure area of Munich Airport. The deal expands Lagardere’s presence in German travel retail, adding to its existing footprint across the country.
The acquired portfolio includes a variety of foodservice concepts, featuring Italian and Asian offerings, and covers in-terminal and secure-area operations at Munich Airport. The transaction focuses on the secure side of the airport’s hospitality outlets.
Lagardere Travel Retail currently operates more than 200 outlets at nine German airports, and the Munich acquisition reinforces its growth strategy in the German market. The company continues to position its network across the country through this purchase.
Lagardere indicated it will collaborate closely with the Aichinger family and the local management team to ensure business continuity following the transaction. Financial terms of the deal were not disclosed.