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Gebr. Heinemann, together with James Richardson, won the tender to operate duty free shops at Ben Gurion Airport
Our firm represented Gebr. Heinemann, who together with James Richardson, won the tender issued by the Israeli Airport Authority (IAA) to operate duty free shops (LTPCC) in Terminal 3 and Terminal 1 at Ben Gurion Airport. The concession was awarded by the IAA for a period of 10 years, and will be operated by a jointly owned partnership.
Heinemann, a family-owned company based in Hamburg, Germany, is a major force in the travel retail market, operating shops at 78 airports located in 29 different countries, and is considered today the fourth largest duty free operator in the world. The duty free shops in Ben Gurion Airport at Tel Aviv are considered among the most profitable duty free shops in the world.
Advocates Shay Dayan, Dan Sella and Daniel Henis Noyman from our Mergers & Acquisitions department advised Heinemann.
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