Autogrill Group, through its HMSHost International division, and local F&B operator Vietnam Food and Beverage Services Company Ltd, entered (09-Apr-2013) an agreement to set up Autogrill VFS F&B Company, a Newco that is planned to be responsible for over 80 points of sale at airports in Vietnam. Autogrill VFS F&B Company will operate the F&B business consisting of 28 points of sale that IPP Group already operates at Ho Chi Minh, Da Nang and Phu Quoc airports. An additional six points of sale will be starting operations at Hanoi Airport in 2H2013. Under an aggressive development roll out resulting in a further 48 stores over the next 18 months the group will expand its operations to cover the country’s top six airports. On reaching capacity planned by the end of 2014, the new business will generate estimated annual overall revenues of more than USD20 million. Autogrill CEO Gianmario Tondato Da Ruos said: “With this operation we are entering a country of high growth potential and strategic importance for further development, also in other travel channels in Vietnam and emerging markets in Asia". The F&B offering features well known international brands (Burger King, Domino's Pizza, Popeye's Chicken), concepts designed ad hoc for these airports (Star Café) and Asian cooking restaurants (Big Bowl, Next Noodles, Kaisha Sushi). Further collaboration with other international brands will also be possible in the future. [more - original PR - Italian]
Autogrill starts up in Vietnam through a joint-venture with IPP Group
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