LS travel retail North America is set to improve the retail experience for passengers in Terminal 4 (T4) at John F Kennedy International Airport after entering into a joint venture with the current retail operators, Saveria USA. The airport terminal itself is operated by JFK International Air Terminal (JFKIAT), and is the only non-airline, privately operated terminal in the US.
The agreement with LS travel retail, a Lagardère Services company, includes the operating rights for 20,000ft2 of specialty retail space and 17 existing shops in the T4 retail lounge. Brands include Tumi, Longchamp, Hugo Boss, Swarovski and Bijoux Terner.
Dag Rasmussen, chairman and CEO, Lagardère Services, said, “By acquiring certain assets of Saveria USA, LS travel retail North America will bring its significant expertise to the benefit of T4’s concession program and to the millions of passengers who pass through its doors each year.”
Gerry Savaria, president and CEO, LS travel retail North America, said, “T4 at JFK is a model for other airport terminals around the country. We are excited to begin this new part of the Saveria story and are eager to work with JFKIAT for many years to come.”
Gert-Jan de Graaff, president and CEO, JFKIAT, said, “This new partnership with LS travel retail will ensure that T4 passengers have the most pleasant and efficient travel experience of any airport terminal in New York City. With the help of this world-renowned company, travelers from all corners of the globe will continue to enjoy the brands and level of service offered by our tremendous retail partners.”
Claus Kohlenberger, president of Saveria USA, said, “We have the highest regard for the professionalism and dedication demonstrated by the LS team throughout the journey that led to the execution of this agreement and believe they will be a great fit with the excellent team at JFKIAT. This strong partnership shares a common thread: our passion for travel retail and commitment to serving passengers.”