Gebr Heinemann and German airport operator Fraport have agreed to establish a new joint venture called Frankfurt Airport Retail (FAR), which will take over operations for all 27 Heinemann Duty Free and Travel Value Shops at Frankfurt Airport starting January 1, 2017. Both partners will retain a 50% stake in the company.
FAR will be the first provider to appear on Frankfurt Airport’s new online platform, which provides travelers with reservation and home delivery options for duty free goods. Passengers can order all goods online before their journey and have them delivered to their homes.
Gebr Heinemann will incorporate approximately 750 employees into the new company with the existing employment contracts remaining valid. The management of the new company will be taken on by Johannes Sammann from Gebr Heinemann and Georg Fuhrmann from Fraport. Since 2012, Sammann has been responsible for the retail management of the Heinemann Duty Free Shops at Frankfurt Airport. Fuhrmann, a retail expert, has previously been responsible for commercial retail management at the airport.