If you are visually impaired or blind, you can visit the PDF version by Pressing CONTROL + ALT + 4
<br /> - ESTABLISHED 1997 -<br /> HELPING THE INDUSTRY GROW<br /> JANUARY 2026<br /> Travel retail's wake-up call?<br /> Leading voices shape the vision for DF&TR's bold new era... p25<br /> 2026 GLOBAL<br /> INDUSTRY SURVEY<br /> THE NEW EAU DE PARFUM<br /> L'ORIGINALE. WHERE WILL IT TAKE YOU?<br /> Moroccanoil.com<br /> WELCOME<br /> Welcome to the January issue<br /> Turning point for travel retail as emotional<br /> connections and humanised experiences flourish<br /> W<br /> elcome to our<br /> first e-zine of<br /> the year and<br /> the launch of our hotly<br /> anticipated state-of-the-<br /> industry report, which is<br /> bigger and bolder than<br /> ever before. Indeed, this<br /> year’s Global Industry<br /> Survey attracted a 22%<br /> boost in respondents<br /> compared to 2025, which<br /> we at TRBusiness feel<br /> demonstrates the genuine<br /> enthusiasm<a title="TRBusiness January 2026 page 1" href="https://secure.viewer.zmags.com/publication/01fb6867?page=1"> - ESTABLISHED 1997 - HELPING THE INDUSTRY GROW JA</a> <a title="TRBusiness January 2026 page 2" href="https://secure.viewer.zmags.com/publication/01fb6867?page=2"> THE NEW EAU DE PARFUM L'ORI</a> <a title="TRBusiness January 2026 page 3" href="https://secure.viewer.zmags.com/publication/01fb6867?page=3"> WELCOME Welcome to the January issue Turn</a> <a title="TRBusiness January 2026 page 4" href="https://secure.viewer.zmags.com/publication/01fb6867?page=4"> WELCOME This is why, for the first time in the h</a> <a title="TRBusiness January 2026 page 5" href="https://secure.viewer.zmags.com/publication/01fb6867?page=5"> WELCOME In general, I think that the coming year'</a> <a title="TRBusiness January 2026 page 6" href="https://secure.viewer.zmags.com/publication/01fb6867?page=6"> Contents TRBusiness Volume 29, Issue 01 January 2</a> <a title="TRBusiness January 2026 page 7" href="https://secure.viewer.zmags.com/publication/01fb6867?page=7"> King Power Group (HK).... 60 Aeroport Nice.</a> <a title="TRBusiness January 2026 page 8" href="https://secure.viewer.zmags.com/publication/01fb6867?page=8"> NEWS ROUNDUP CTG Duty-Free to acquire DFS' Gre</a> <a title="TRBusiness January 2026 page 9" href="https://secure.viewer.zmags.com/publication/01fb6867?page=9"> NEWS ROUNDUP Chinese entry marks new era for Av</a> <a title="TRBusiness January 2026 page 10" href="https://secure.viewer.zmags.com/publication/01fb6867?page=10"> WINNING THE CONSUMER VOTE TRAVEL RETAIL AWARDS</a> <a title="TRBusiness January 2026 page 11" href="https://secure.viewer.zmags.com/publication/01fb6867?page=11"> Sentipede's new price-comparison platform expands</a> <a title="TRBusiness January 2026 page 12" href="https://secure.viewer.zmags.com/publication/01fb6867?page=12"> NEWS ROUNDUP 33 LLuunnarr NNeeww YYeearr llauunn</a> <a title="TRBusiness January 2026 page 13" href="https://secure.viewer.zmags.com/publication/01fb6867?page=13"> NEWS ROUNDUP ITRC secures distribution deal fo</a> <a title="TRBusiness January 2026 page 14" href="https://secure.viewer.zmags.com/publication/01fb6867?page=14"> THE BIG PICTURE 14 TRBUSINESS </a> <a title="TRBusiness January 2026 page 15" href="https://secure.viewer.zmags.com/publication/01fb6867?page=15"> A masterclass in leveraging influence to make an i</a> <a title="TRBusiness January 2026 page 16" href="https://secure.viewer.zmags.com/publication/01fb6867?page=16"> </a> <a title="TRBusiness January 2026 page 17" href="https://secure.viewer.zmags.com/publication/01fb6867?page=17"> </a> <a title="TRBusiness January 2026 page 18" href="https://secure.viewer.zmags.com/publication/01fb6867?page=18"> TRAVEL RETAIL AWARDS Entries now open for the G</a> <a title="TRBusiness January 2026 page 19" href="https://secure.viewer.zmags.com/publication/01fb6867?page=19"> TRAVEL RETAIL AWARDS Entrants can take advan</a> <a title="TRBusiness January 2026 page 20" href="https://secure.viewer.zmags.com/publication/01fb6867?page=20"> TR SUSTAINABILITY HUB GREEN GOAL UNLOCKED </a> <a title="TRBusiness January 2026 page 21" href="https://secure.viewer.zmags.com/publication/01fb6867?page=21"> TR SUSTAINABILITY HUB more than about 35% wheats</a> <a title="TRBusiness January 2026 page 22" href="https://secure.viewer.zmags.com/publication/01fb6867?page=22"> </a> <a title="TRBusiness January 2026 page 23" href="https://secure.viewer.zmags.com/publication/01fb6867?page=23"> Growing together at Schiphol Schiphol is accele</a> <a title="TRBusiness January 2026 page 24" href="https://secure.viewer.zmags.com/publication/01fb6867?page=24"> THE NEW PARFUM</a> <a title="TRBusiness January 2026 page 25" href="https://secure.viewer.zmags.com/publication/01fb6867?page=25"> SURVEY 2026: AVOLTA Blend innovation with opera</a> <a title="TRBusiness January 2026 page 26" href="https://secure.viewer.zmags.com/publication/01fb6867?page=26"> Above: Avolta Shanghai Duty Free opened its doors</a> <a title="TRBusiness January 2026 page 27" href="https://secure.viewer.zmags.com/publication/01fb6867?page=27"> value more clearly at every stage of the journey </a> <a title="TRBusiness January 2026 page 28" href="https://secure.viewer.zmags.com/publication/01fb6867?page=28"> </a> <a title="TRBusiness January 2026 page 29" href="https://secure.viewer.zmags.com/publication/01fb6867?page=29"> 2021 SURVEY 2026: LAGARDÈRE TRAVEL RETAIL </a> <a title="TRBusiness January 2026 page 30" href="https://secure.viewer.zmags.com/publication/01fb6867?page=30"> Above: Aelia Duty Free at Leonardo da Vinci Rome </a> <a title="TRBusiness January 2026 page 31" href="https://secure.viewer.zmags.com/publication/01fb6867?page=31"> SURVEY 2026: LAGARDÈRE TRAVEL RETAIL reality. </a> <a title="TRBusiness January 2026 page 32" href="https://secure.viewer.zmags.com/publication/01fb6867?page=32"> Smoking seriously harms you and others around you</a> <a title="TRBusiness January 2026 page 33" href="https://secure.viewer.zmags.com/publication/01fb6867?page=33"> 2021 SURVEY 2026: GEBR. HEINEMANN Expect a yea</a> <a title="TRBusiness January 2026 page 34" href="https://secure.viewer.zmags.com/publication/01fb6867?page=34"> Above: Heinemann operates eight exclusive retail </a> <a title="TRBusiness January 2026 page 35" href="https://secure.viewer.zmags.com/publication/01fb6867?page=35"> significant risk for both sides. More flexible, pas</a> <a title="TRBusiness January 2026 page 36" href="https://secure.viewer.zmags.com/publication/01fb6867?page=36"> </a> <a title="TRBusiness January 2026 page 37" href="https://secure.viewer.zmags.com/publication/01fb6867?page=37"> 2021 Hernan: “It is essential that we tailor the </a> <a title="TRBusiness January 2026 page 38" href="https://secure.viewer.zmags.com/publication/01fb6867?page=38"> Above: A sleek retail experience at Bahrain Duty </a> <a title="TRBusiness January 2026 page 39" href="https://secure.viewer.zmags.com/publication/01fb6867?page=39"> their expectations when it comes to travel retail</a> <a title="TRBusiness January 2026 page 40" href="https://secure.viewer.zmags.com/publication/01fb6867?page=40"> Above: Spectrum Boutique at Quebec City Internati</a> <a title="TRBusiness January 2026 page 41" href="https://secure.viewer.zmags.com/publication/01fb6867?page=41"> Customer Initiative research and insights project</a> <a title="TRBusiness January 2026 page 42" href="https://secure.viewer.zmags.com/publication/01fb6867?page=42"> Above: ARI's `All I Want For Summer' omnichannel </a> <a title="TRBusiness January 2026 page 43" href="https://secure.viewer.zmags.com/publication/01fb6867?page=43"> THE TRINITY THE TRINITY BEHI</a> <a title="TRBusiness January 2026 page 44" href="https://secure.viewer.zmags.com/publication/01fb6867?page=44"> YOUR SKIN RETREAT NUTRI </a> <a title="TRBusiness January 2026 page 45" href="https://secure.viewer.zmags.com/publication/01fb6867?page=45"> SURVEY 2026: QATAR DUTY FREE Retailers who trea</a> <a title="TRBusiness January 2026 page 46" href="https://secure.viewer.zmags.com/publication/01fb6867?page=46"> Above: 36Q Travellers are more selective, 2.0 </a> <a title="TRBusiness January 2026 page 47" href="https://secure.viewer.zmags.com/publication/01fb6867?page=47"> consistent and using data to tailor value to diffe</a> <a title="TRBusiness January 2026 page 48" href="https://secure.viewer.zmags.com/publication/01fb6867?page=48"> Above: How would you assess The Visito</a> <a title="TRBusiness January 2026 page 49" href="https://secure.viewer.zmags.com/publication/01fb6867?page=49"> What do you expect will be the biggest opportunit</a> <a title="TRBusiness January 2026 page 50" href="https://secure.viewer.zmags.com/publication/01fb6867?page=50"> Above: How would you assess The Lotte </a> <a title="TRBusiness January 2026 page 51" href="https://secure.viewer.zmags.com/publication/01fb6867?page=51"> a year of building the long- term `stamina' neces</a> <a title="TRBusiness January 2026 page 52" href="https://secure.viewer.zmags.com/publication/01fb6867?page=52"> retail is emerging as a core competitive different</a> <a title="TRBusiness January 2026 page 53" href="https://secure.viewer.zmags.com/publication/01fb6867?page=53"> growth, and going forward, customer loyalty will </a> <a title="TRBusiness January 2026 page 54" href="https://secure.viewer.zmags.com/publication/01fb6867?page=54"> Above: Lotte seek value that extends Duty Free</a> <a title="TRBusiness January 2026 page 55" href="https://secure.viewer.zmags.com/publication/01fb6867?page=55"> SURVEY 2026: FRAPORT Be flexible and innovative </a> <a title="TRBusiness January 2026 page 56" href="https://secure.viewer.zmags.com/publication/01fb6867?page=56"> the deve</a> <a title="TRBusiness January 2026 page 57" href="https://secure.viewer.zmags.com/publication/01fb6867?page=57"> relevance and therefore a higher share within the</a> <a title="TRBusiness January 2026 page 58" href="https://secure.viewer.zmags.com/publication/01fb6867?page=58"> Above: viral products within the Artist'</a> <a title="TRBusiness January 2026 page 59" href="https://secure.viewer.zmags.com/publication/01fb6867?page=59"> of trend products to the duty-free offer. In our n</a> <a title="TRBusiness January 2026 page 60" href="https://secure.viewer.zmags.com/publication/01fb6867?page=60"> SURVEY 2026: KING POWER GROUP (HONG KONG) `Indu</a> <a title="TRBusiness January 2026 page 61" href="https://secure.viewer.zmags.com/publication/01fb6867?page=61"> SURVEY 2026: KING POWER GROUP (HONG KONG) choice</a> <a title="TRBusiness January 2026 page 62" href="https://secure.viewer.zmags.com/publication/01fb6867?page=62"> Above: How would you assess Walkthroug</a> <a title="TRBusiness January 2026 page 63" href="https://secure.viewer.zmags.com/publication/01fb6867?page=63"> SURVEY 2026: AEROPORT NICE CÔTE D'AZUR shifting </a> <a title="TRBusiness January 2026 page 64" href="https://secure.viewer.zmags.com/publication/01fb6867?page=64"> relationship during the next visit. There is, the</a> <a title="TRBusiness January 2026 page 65" href="https://secure.viewer.zmags.com/publication/01fb6867?page=65"> 2021 Draw on excluisves, bespoke services and dat</a> <a title="TRBusiness January 2026 page 66" href="https://secure.viewer.zmags.com/publication/01fb6867?page=66"> and airport rents, pose a challenge to maintainin</a> <a title="TRBusiness January 2026 page 67" href="https://secure.viewer.zmags.com/publication/01fb6867?page=67"> that are fundamentally entertaining and shareable</a> <a title="TRBusiness January 2026 page 68" href="https://secure.viewer.zmags.com/publication/01fb6867?page=68"> Above: Silja Serenede has Promenade dining and a </a> <a title="TRBusiness January 2026 page 69" href="https://secure.viewer.zmags.com/publication/01fb6867?page=69"> SURVEY 2026: DFWC Make DF&TR a core part of the</a> <a title="TRBusiness January 2026 page 70" href="https://secure.viewer.zmags.com/publication/01fb6867?page=70"> challenging in some of the major markets. The fac</a> <a title="TRBusiness January 2026 page 71" href="https://secure.viewer.zmags.com/publication/01fb6867?page=71"> Addressing spend per passenger, I think the c</a> <a title="TRBusiness January 2026 page 72" href="https://secure.viewer.zmags.com/publication/01fb6867?page=72"> focus on pricing and value by shoppers. While</a> <a title="TRBusiness January 2026 page 73" href="https://secure.viewer.zmags.com/publication/01fb6867?page=73"> P OF </a> <a title="TRBusiness January 2026 page 74" href="https://secure.viewer.zmags.com/publication/01fb6867?page=74"> Above and How would you assess opposite, </a> <a title="TRBusiness January 2026 page 75" href="https://secure.viewer.zmags.com/publication/01fb6867?page=75"> Will we ever see for our industry a year like 201</a> <a title="TRBusiness January 2026 page 76" href="https://secure.viewer.zmags.com/publication/01fb6867?page=76"> SURVEY 2026: ASUTIL `Biggest opportunities for </a> <a title="TRBusiness January 2026 page 77" href="https://secure.viewer.zmags.com/publication/01fb6867?page=77"> driver of conversion. In short, 2026 offers th</a> <a title="TRBusiness January 2026 page 78" href="https://secure.viewer.zmags.com/publication/01fb6867?page=78"> Above: How would you assess 2025 </a> <a title="TRBusiness January 2026 page 79" href="https://secure.viewer.zmags.com/publication/01fb6867?page=79"> Geopolitical tensions, impact from tariffs, an</a> <a title="TRBusiness January 2026 page 80" href="https://secure.viewer.zmags.com/publication/01fb6867?page=80"> </a> <a title="TRBusiness January 2026 page 81" href="https://secure.viewer.zmags.com/publication/01fb6867?page=81"> 2021 SURVEY 2026: BEAUTY Can beauty remain one </a> <a title="TRBusiness January 2026 page 82" href="https://secure.viewer.zmags.com/publication/01fb6867?page=82"> Above: travel retail, with strong Clarin</a> <a title="TRBusiness January 2026 page 83" href="https://secure.viewer.zmags.com/publication/01fb6867?page=83"> 2026 Summit Americas MARCH 28-31 • ROSEN SHINGLE </a> <a title="TRBusiness January 2026 page 84" href="https://secure.viewer.zmags.com/publication/01fb6867?page=84"> Above: transparency – and we are Beauty </a> <a title="TRBusiness January 2026 page 85" href="https://secure.viewer.zmags.com/publication/01fb6867?page=85"> express treatments and personalised consultations</a> <a title="TRBusiness January 2026 page 86" href="https://secure.viewer.zmags.com/publication/01fb6867?page=86"> </a> <a title="TRBusiness January 2026 page 87" href="https://secure.viewer.zmags.com/publication/01fb6867?page=87"> SURVEY 2026: WINES, BEER & SPIRITS WB&S stakeho</a> <a title="TRBusiness January 2026 page 88" href="https://secure.viewer.zmags.com/publication/01fb6867?page=88"> Above: are navigating this? Spirits at</a> <a title="TRBusiness January 2026 page 89" href="https://secure.viewer.zmags.com/publication/01fb6867?page=89"> need to offer premium innovative items to catch th</a> <a title="TRBusiness January 2026 page 90" href="https://secure.viewer.zmags.com/publication/01fb6867?page=90"> different occasions. We will, however, reinforce o</a> <a title="TRBusiness January 2026 page 91" href="https://secure.viewer.zmags.com/publication/01fb6867?page=91"> responding by expanding premium assortments, as w</a> <a title="TRBusiness January 2026 page 92" href="https://secure.viewer.zmags.com/publication/01fb6867?page=92"> Find your fresh match. Full of taste, </a> <a title="TRBusiness January 2026 page 93" href="https://secure.viewer.zmags.com/publication/01fb6867?page=93"> 2021 SURVEY 2026: NICOTINE & TOBACCO ALTERNATIVES</a> <a title="TRBusiness January 2026 page 94" href="https://secure.viewer.zmags.com/publication/01fb6867?page=94"> SURVEY 2026: NICOTINE & TOBACCO ALTERNATIVES nic</a> <a title="TRBusiness January 2026 page 95" href="https://secure.viewer.zmags.com/publication/01fb6867?page=95"> </a> <a title="TRBusiness January 2026 page 96" href="https://secure.viewer.zmags.com/publication/01fb6867?page=96"> </a> <a title="TRBusiness January 2026 page 97" href="https://secure.viewer.zmags.com/publication/01fb6867?page=97"> 2021 SURVEY 2026: FAWJ FAWJ poised for bright f</a> <a title="TRBusiness January 2026 page 98" href="https://secure.viewer.zmags.com/publication/01fb6867?page=98"> Above: end jewellery likely Stephani</a> <a title="TRBusiness January 2026 page 99" href="https://secure.viewer.zmags.com/publication/01fb6867?page=99"> Quality starts</a> <a title="TRBusiness January 2026 page 100" href="https://secure.viewer.zmags.com/publication/01fb6867?page=100"> exclusivity, curation and experience. BRYAN CRIS</a> <a title="TRBusiness January 2026 page 101" href="https://secure.viewer.zmags.com/publication/01fb6867?page=101"> craftsmanship and investment-worthy pieces. T</a> <a title="TRBusiness January 2026 page 102" href="https://secure.viewer.zmags.com/publication/01fb6867?page=102"> NO SHELLS. YES PROFITS. The</a> <a title="TRBusiness January 2026 page 103" href="https://secure.viewer.zmags.com/publication/01fb6867?page=103"> SURVEY 2026: FOOD & CONFECTIONERY Unlocking the</a> <a title="TRBusiness January 2026 page 104" href="https://secure.viewer.zmags.com/publication/01fb6867?page=104"> Above: Lindt Tokyo Style Chocolade – Matcha Straw</a> <a title="TRBusiness January 2026 page 105" href="https://secure.viewer.zmags.com/publication/01fb6867?page=105"> </a> <a title="TRBusiness January 2026 page 106" href="https://secure.viewer.zmags.com/publication/01fb6867?page=106"> Above: Loacker is working to improve the recyclab</a> <a title="TRBusiness January 2026 page 107" href="https://secure.viewer.zmags.com/publication/01fb6867?page=107"> Based Targets (SBTi) and our goal to significantly</a> <a title="TRBusiness January 2026 page 108" href="https://secure.viewer.zmags.com/publication/01fb6867?page=108"> Alpine cultivation and has restructured its sugar</a> <a title="TRBusiness January 2026 page 109" href="https://secure.viewer.zmags.com/publication/01fb6867?page=109"> JAN PASOLD Managing Director, GTR RITTER SPORT We</a> <a title="TRBusiness January 2026 page 110" href="https://secure.viewer.zmags.com/publication/01fb6867?page=110"> RAMON OLIVÉ ALTÈS Head of Sales - Global Travel R</a> <a title="TRBusiness January 2026 page 111" href="https://secure.viewer.zmags.com/publication/01fb6867?page=111"> portfolio, as well as the ability to anticipate a</a> <a title="TRBusiness January 2026 page 112" href="https://secure.viewer.zmags.com/publication/01fb6867?page=112"> traffic through Middle Eastern hubs, for example. W</a> <a title="TRBusiness January 2026 page 113" href="https://secure.viewer.zmags.com/publication/01fb6867?page=113"> 2021 THOMAS KANEKO JUAN MIGU</a> <a title="TRBusiness January 2026 page 114" href="https://secure.viewer.zmags.com/publication/01fb6867?page=114"> retail now provides compared to the domestic mark</a> <a title="TRBusiness January 2026 page 115" href="https://secure.viewer.zmags.com/publication/01fb6867?page=115"> ROB ROBERTACCIO President ITRC (INTERNATIONAL & T</a> <a title="TRBusiness January 2026 page 116" href="https://secure.viewer.zmags.com/publication/01fb6867?page=116"> rather than relying on traditional forecasting as</a> <a title="TRBusiness January 2026 page 117" href="https://secure.viewer.zmags.com/publication/01fb6867?page=117"> SUBRAMANIA BHATT Founder & CEO CHINA TRADING DESK</a> <a title="TRBusiness January 2026 page 118" href="https://secure.viewer.zmags.com/publication/01fb6867?page=118"> Geopolitical tensions NATHALIE ROELANDS VP Opera</a> <a title="TRBusiness January 2026 page 119" href="https://secure.viewer.zmags.com/publication/01fb6867?page=119"> departure, and a very high share compared prices </a> <a title="TRBusiness January 2026 page 120" href="https://secure.viewer.zmags.com/publication/01fb6867?page=120"> a `traffic-driven' model to a `value-driven' model:</a> <a title="TRBusiness January 2026 page 121" href="https://secure.viewer.zmags.com/publication/01fb6867?page=121"> SURVEY 2026: INDUSTRY Q&A 4 </a> <a title="TRBusiness January 2026 page 122" href="https://secure.viewer.zmags.com/publication/01fb6867?page=122"> retail exclusives, destination-led storytelling a</a> <a title="TRBusiness January 2026 page 123" href="https://secure.viewer.zmags.com/publication/01fb6867?page=123"> and packaging with a lower environmental impact. </a> <a title="TRBusiness January 2026 page 124" href="https://secure.viewer.zmags.com/publication/01fb6867?page=124"> purchasing will continue to be in the centre of o</a> <a title="TRBusiness January 2026 page 125" href="https://secure.viewer.zmags.com/publication/01fb6867?page=125"> to restore traveller confidence and creating a mor</a> <a title="TRBusiness January 2026 page 126" href="https://secure.viewer.zmags.com/publication/01fb6867?page=126"> This creates a powerful loop: discover on social,</a> <a title="TRBusiness January 2026 page 127" href="https://secure.viewer.zmags.com/publication/01fb6867?page=127"> 2021 Finally, the opportunity to wit</a> <a title="TRBusiness January 2026 page 128" href="https://secure.viewer.zmags.com/publication/01fb6867?page=128"> equation, travellers will once again believe that</a> <a title="TRBusiness January 2026 page 129" href="https://secure.viewer.zmags.com/publication/01fb6867?page=129"> and utilise exclusive products and ranges for the</a> <a title="TRBusiness January 2026 page 130" href="https://secure.viewer.zmags.com/publication/01fb6867?page=130"> ROB ROBERTACCIO President ITRC In order to get va</a> <a title="TRBusiness January 2026 page 131" href="https://secure.viewer.zmags.com/publication/01fb6867?page=131"> brands at high street prices. Except for excise p</a> <a title="TRBusiness January 2026 page 132" href="https://secure.viewer.zmags.com/publication/01fb6867?page=132"> perceived value for the shopper. For real change </a> <a title="TRBusiness January 2026 page 133" href="https://secure.viewer.zmags.com/publication/01fb6867?page=133"> BENOIT DAVAILLON General Manager Global Travel Re</a> <a title="TRBusiness January 2026 page 134" href="https://secure.viewer.zmags.com/publication/01fb6867?page=134"> Airports need to be considered as service facilit</a> <a title="TRBusiness January 2026 page 135" href="https://secure.viewer.zmags.com/publication/01fb6867?page=135"> THOMAS KANEKO HENNINGSEN Partner BLUEPRINT AI-pow</a> <a title="TRBusiness January 2026 page 136" href="https://secure.viewer.zmags.com/publication/01fb6867?page=136"> opportunity and the biggest threat at the same ti</a> <a title="TRBusiness January 2026 page 137" href="https://secure.viewer.zmags.com/publication/01fb6867?page=137"> compromising brand consistency. Recently, we'</a> <a title="TRBusiness January 2026 page 138" href="https://secure.viewer.zmags.com/publication/01fb6867?page=138"> ELISA FONTANA Director Marketing and Trade Market</a> <a title="TRBusiness January 2026 page 139" href="https://secure.viewer.zmags.com/publication/01fb6867?page=139"> category planning, and offer tools that allow bran</a> <a title="TRBusiness January 2026 page 140" href="https://secure.viewer.zmags.com/publication/01fb6867?page=140"> COUNTER INTELLIGENCE Some of the best in Januar</a> <a title="TRBusiness January 2026 page 141" href="https://secure.viewer.zmags.com/publication/01fb6867?page=141"> COUNTER INTELLIGENCE Guerlain Blooming Denim Spr</a> <a title="TRBusiness January 2026 page 142" href="https://secure.viewer.zmags.com/publication/01fb6867?page=142"> HERO PRODUCT SHELF APPEAL TRBusiness zooms in</a> <a title="TRBusiness January 2026 page 143" href="https://secure.viewer.zmags.com/publication/01fb6867?page=143"> OVER TO YOU: NEWMARK Newmark: “Pricing should e</a> <a title="TRBusiness January 2026 page 144" href="https://secure.viewer.zmags.com/publication/01fb6867?page=144"> PEOPLE People News Chevalier to succ</a> <a title="TRBusiness January 2026 page 145" href="https://secure.viewer.zmags.com/publication/01fb6867?page=145"> WORK LIFE Spend a workday with... Andrew Machin </a> <a title="TRBusiness January 2026 page 146" href="https://secure.viewer.zmags.com/publication/01fb6867?page=146"> COMMENT Now and Then... Echoes of the past in a</a> <a title="TRBusiness January 2026 page 147" href="https://secure.viewer.zmags.com/publication/01fb6867?page=147"> </a> <a title="TRBusiness January 2026 page 148" href="https://secure.viewer.zmags.com/publication/01fb6867?page=148"> Big Five Duty Free welcomes new CEO and sharehold</a>