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ARI Wins Contract for Montenegro Duty Free Stores

ARI Wins Contract for Montenegro Duty Free Stores

Aer Rianta International (ARI) is delighted to announce that it has been awarded the duty free retail concession at Tivat and Podgorica Airports in Montenegro.

Commenting on the announcement, ARI’s CEO, Ray Hernan said: “Our decision to open new stores at Tivat and Pogorica this year is a sign of the strength of our balance sheet. We are still committed to profitable growth over the longer-term and will invest in the Montenegro market for at least the next five years. It is also a sign of our commitment to the industry and our confidence that it will return to strength.”

The contract will run for 5 years, with stores opening later this year. ARI will serve passengers from its exclusive 98.5 sqm duty free store in Tivat and from the 122 sqm duty free store in Podgorica, branded “Montenegro Duty Free”.

ARI will offer core categories; perfume and cosmetics, liquor and confectionery as well as an extensive selection of designer sunglasses and jewellery, both of which are very popular with the both the local Montenegrin traveller and tourists. Passengers can also experience the local ‘sense of place’ with a broad choice of local wine and locally produced foods and destination-branded souvenirs, gifts and toys.

Commenting on the store offering, ARI’s Chief Operating Officer, Nuno Amaral said: “We look forward to delivering a wonderful environment and safe shopping experience for our passengers in Podgorica and Tivat. We will bring a vast choice for our customers with premium spirits and luxury beauty brands like Chanel, Dior, Tom Ford and by Killian, aligning with the ambitions of the region to become a modern, glamourous, luxury destination.”

The concept for the new stores is fresh, modern and tailored to the passenger profile at each airport, with the design for Tivat inspired by the beautiful coastal views and local scenery, appealing to the tourist passenger.

Commenting on the appointment of ARI, Executive Director of Airports of Montenegro, Danilo Orlandic said:  “We at Airports of Montenegro are very pleased to be working with Aer Rianta International (ARI) as they venture into Montenegro for the first time, to operate the duty-free shops in both Podgorica and Tivat Airports. ARI, as the founder of the duty-free industry, has a long heritage of operating in new locations and working closely with partners in order to deliver a heightened and truly global standard of duty-free shopping experiences”.

 

Further information:
Please contact Laura Toner, Global Head of Marketing, ltoner@ari.ie for questions.

Notes to the editor:

About ARI:

Aer Rianta International (ARI) has been at the forefront of travel retail for over 65 years and in 2015 was voted Airport Retailer of the Year. ARI is one of the largest and most significant players in the global travel retail industry. ARI owns and manages duty free and duty paid retail outlets in Europe, The Middle East, Asia Pacific and the Americas. From pioneering beginnings, opening the world’s first duty free shop in Shannon Airport in 1947, ARI now employs over 3,000 people worldwide and manages a turnover in excess of $1 billion. www.ari.ie

 

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