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Heinemann plans intensive investment at new Istanbul hub

13 April 2017
Heinemann is ploughing a major portion of its 2017 investment budget into retail space at Istanbul New Airport. Source: iGA - Istanbul New Airport

Germany-based duty free and travel retailer Gebr. Heinemann has earmarked about EUR100 million (USD106 million) for investment in the market in 2017, with "a significant portion" dedicated to Istanbul New Airport.

Heinemann posted a 5.6% increase in group turnover (retail and distribution) to EUR3.8 billion in 2016 - about 77% of its external sales came at airports, where the family-owned company has some of the biggest and best retail locations.

A concession win in Sydney in 2016 gave Heinemann the largest departures duty-free shop in the world (8,000 m 2 ), while its Travel Retail Norway joint venture, at Avinor-operated Oslo, runs the biggest arrivals store worldwide (4,000 m 2 ).

Related article: Turkey ploughs on with INA



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