Alibaba to acquire a minority stake in Dufry

Date : 09 October 2020

Charles Chan

Senior Retail Analyst

Alibaba is set to acquire a stake of around 10% in travel duty-free company Dufry. New Retail and digital transformation Full details of the deal have not yet been disclosed. It would, include, however, a new joint venture setup (51% owned by Alibaba and 49% by Dufry). As part of the JV,…
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