Aer Rianta International is to team up with Portuguese airport operator, ANA Aeroportos de Portugal, to run duty free and retail operations in eight airports across Portugal.
The deal covers Lisbon, Porto, Faro, Madeira and Porto Santo in the Madeira Islands and Ponta Delgada, Sta Maria and Horta on the Azores.
The contract includes 34 commercial spaces, including duty free main shops, satellite stores, and fashion and beauty stores, with a total area approximately of 9,500 square metres.
The joint venture will last for seven years.
"We are absolutely delighted to be selected as ANA's preferred joint venture partner," said ARI’s Chief Executive Officer, Ray Hernan.
"Announcing such a significant win as we emerge from a global pandemic is testament to the commitment and skills of the entire ARI team."
ANA is part of the VINCI Airports Group which is responsible for operating 53 airports in 12 countries across Europe, Asia and the Americas.
"We were looking for a business partner with a proven track record in the travel retail industry and with a strong alignment with VINCI Airports priorities on passenger experience, sense of place and innovation," said Thierry Ligonnière, ANA’s Chief Executive Officer..
"We are excited to initiate this new partnership with ARI and to deploy a unique shopping environment with two key values: authenticity and sustainability."
Aer Rianta International owns and manages duty-free and retail outlets in Europe, the Middle East, Asia Pacific and the Americas.
Part of Dublin and Cork Airport operators, daa, it employs over 3,000 people worldwide.
