8-Feb-2013 1:26 PM

The Nuance Group secures seven year duty free concession at St Petersburg Pulkovo Airport

Russia's St Petersburg Pulkovo International Airport awarded (07-Feb-2013) The Nuance Group a new duty free concession at the airport. The concession will commence in early 2014, and will consist of all three lots including two core categories and one speciality licence to be located in a newly built passenger terminal. The Nuance stores will comprise a total of 3183sqm of retail space serving about four million departing international passengers, who will travel through the new terminal every year. With this concession, Nuance enters to the Russian travel retail market. The duty free concession will have a seven year term and its overall value is estimated to be over EUR800 million in turnover. 1910sqm of retail space are allocated to walk-through duty free store including Perfume & Cosmetics, Liquor, Tobacco and Confectionery. The speciality licence covers 11 stores including Swarovski, Salvatore Ferragamo, Burberry, Bulgari, Sun Catcher, Temptation, Atelier, Master of Time and a dedicated store for Electronics, Travel accessories and Toys. Also, a destination store “Spirit of St Petersburg”, will be located in the new terminal building. In addition, an express duty free store proposing an assortment of top sellers across all categories will be located in the north pier. [more - original PR]

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