Avolta AG has secured a historic duty-free concession at Shanghai Pudong International Airport, marking its strategic entry into mainland China's airport retail sector.

Target Information

Avolta AG (SIX: AVOL) has achieved a significant milestone by securing a concession to operate duty-free stores at Shanghai Pudong International Airport. This concession enables Avolta to run inbound and outbound duty-free retail operations in Terminal 1 and the S1 Satellite Hall International Area, overseeing a total retail space of over 8,000 m² across 43 stores. This venture positions Avolta as the first international operator to enter mainland China's airport duty-free market in a generation, aligning with the company's strategy for geographical diversification and long-term growth in the Asia-Pacific region.

The Shanghai Pudong International Airport concession is expected to cater to approximately 18.7 million international passengers by 2026, marking a strategic entry point for Avolta into the rapidly evolving duty-free sector in China.

Industry Overview in China

The duty-free retail industry in China has experienced remarkable growth, driven by increasing international travel and changing consumer preferences. As one of the largest travel markets globally, China's duty-free segment has seen a surg