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<br /> Lotte steps up<br /> as visa-waiver<br /> scheme begins<br /> New luxury codes:<br /> Memories vs.<br /> merchandise?<br /> What TR shoppers<br /> really want: Awards<br /> judges speak out<br /> PRINTED LOCALLY<br /> - ESTABLISHED 1997 -<br /> HELPING THE INDUSTRY GROW<br /> OCTOBER 2025<br /> Lagardère TR<br /> expands in Africa<br /> at Kigali Airport<br /> Fresh calls for<br /> VAT-free shopping<br /> for UK tourists<br /> Future-proofing<br /> GTR loyalty<br /> programmes<br /> Frédéric Chevalier<br /> Affirms need to restore confidence in travel retail pricing... p39 Supp<br /> Join<br /> ALSO INSIDE<br /> TR CONSUMER FORUM 2026 | FIRST LOOK INSIDE THE NUXE LAB IN PARIS<br /> ELC: BRINGING PINK RIBBON POWER TO CANNES | YOUR REGIONBYREGION<br /> NEWS DIGEST | SEA BAGS' CIRCULAR STORY | VICTORINOX | ANTONY MORATO<br /> PURESSENTIEL | SPEND A WORKDAY WITH BABOR | PEOPLE NEWS | NOW & THEN<br /> Supp<br /> Pl<a title="TRBusiness October 2025 page 1" href="https://secure.viewer.zmags.com/publication/467b81e9?page=1"> Lotte steps up as visa-waiver scheme begins New</a> <a title="TRBusiness October 2025 page 2" href="https://secure.viewer.zmags.com/publication/467b81e9?page=2"> NEW MOROCCANOIL TREATMENT MIST </a> <a title="TRBusiness October 2025 page 3" href="https://secure.viewer.zmags.com/publication/467b81e9?page=3"> Light-as-air dry oil spray instantly absorbs into</a> <a title="TRBusiness October 2025 page 4" href="https://secure.viewer.zmags.com/publication/467b81e9?page=4"> THE NEW PARFUM</a> <a title="TRBusiness October 2025 page 5" href="https://secure.viewer.zmags.com/publication/467b81e9?page=5"> WELCOME Welcome Exploring new horizons in Canne</a> <a title="TRBusiness October 2025 page 6" href="https://secure.viewer.zmags.com/publication/467b81e9?page=6"> </a> <a title="TRBusiness October 2025 page 7" href="https://secure.viewer.zmags.com/publication/467b81e9?page=7"> </a> <a title="TRBusiness October 2025 page 8" href="https://secure.viewer.zmags.com/publication/467b81e9?page=8"> Contents </a> <a title="TRBusiness October 2025 page 9" href="https://secure.viewer.zmags.com/publication/467b81e9?page=9"> AROUND THE WORLD Europe.................</a> <a title="TRBusiness October 2025 page 10" href="https://secure.viewer.zmags.com/publication/467b81e9?page=10"> EMPOWERING POSSIBILITIES Extraordinary experience</a> <a title="TRBusiness October 2025 page 11" href="https://secure.viewer.zmags.com/publication/467b81e9?page=11"> </a> <a title="TRBusiness October 2025 page 12" href="https://secure.viewer.zmags.com/publication/467b81e9?page=12"> NEWS ROUNDUP Lagardère expands in Africa at Kig</a> <a title="TRBusiness October 2025 page 13" href="https://secure.viewer.zmags.com/publication/467b81e9?page=13"> NEWS ROUNDUP Falic Group to launch e-commerce </a> <a title="TRBusiness October 2025 page 14" href="https://secure.viewer.zmags.com/publication/467b81e9?page=14"> WINNING THE CONSUMER VOTE TRAVEL RETAIL AWARD</a> <a title="TRBusiness October 2025 page 15" href="https://secure.viewer.zmags.com/publication/467b81e9?page=15"> Travel Retail Consortium members out in force at </a> <a title="TRBusiness October 2025 page 16" href="https://secure.viewer.zmags.com/publication/467b81e9?page=16"> NEWS ROUNDUP 3 luxury debuts... Shining a light </a> <a title="TRBusiness October 2025 page 17" href="https://secure.viewer.zmags.com/publication/467b81e9?page=17"> NEWS ROUNDUP Heinemann Americas unveils bold n</a> <a title="TRBusiness October 2025 page 18" href="https://secure.viewer.zmags.com/publication/467b81e9?page=18"> </a> <a title="TRBusiness October 2025 page 19" href="https://secure.viewer.zmags.com/publication/467b81e9?page=19"> TR SUSTAINABILITY HUB Totes that tell a sustain</a> <a title="TRBusiness October 2025 page 20" href="https://secure.viewer.zmags.com/publication/467b81e9?page=20"> </a> <a title="TRBusiness October 2025 page 21" href="https://secure.viewer.zmags.com/publication/467b81e9?page=21"> </a> <a title="TRBusiness October 2025 page 22" href="https://secure.viewer.zmags.com/publication/467b81e9?page=22"> THE BIG PICTURE 22 TRBUSINESS </a> <a title="TRBusiness October 2025 page 23" href="https://secure.viewer.zmags.com/publication/467b81e9?page=23"> Nuxe leverages spa expertise with mini treatments</a> <a title="TRBusiness October 2025 page 24" href="https://secure.viewer.zmags.com/publication/467b81e9?page=24"> </a> <a title="TRBusiness October 2025 page 25" href="https://secure.viewer.zmags.com/publication/467b81e9?page=25"> </a> <a title="TRBusiness October 2025 page 26" href="https://secure.viewer.zmags.com/publication/467b81e9?page=26"> TRAVEL RETAIL AWARDS Influencer judges speak out </a> <a title="TRBusiness October 2025 page 27" href="https://secure.viewer.zmags.com/publication/467b81e9?page=27"> TRAVEL RETAIL AWARDS The evening begins with</a> <a title="TRBusiness October 2025 page 28" href="https://secure.viewer.zmags.com/publication/467b81e9?page=28"> </a> <a title="TRBusiness October 2025 page 29" href="https://secure.viewer.zmags.com/publication/467b81e9?page=29"> </a> <a title="TRBusiness October 2025 page 30" href="https://secure.viewer.zmags.com/publication/467b81e9?page=30"> </a> <a title="TRBusiness October 2025 page 31" href="https://secure.viewer.zmags.com/publication/467b81e9?page=31"> TR CONSUMER FORUM Forum 2025 reviews: “Insightf</a> <a title="TRBusiness October 2025 page 32" href="https://secure.viewer.zmags.com/publication/467b81e9?page=32"> TR CONSUMER FORUM “One of the most valuable netw</a> <a title="TRBusiness October 2025 page 33" href="https://secure.viewer.zmags.com/publication/467b81e9?page=33"> TR CONSUMER FORUM highlight – spending three day</a> <a title="TRBusiness October 2025 page 34" href="https://secure.viewer.zmags.com/publication/467b81e9?page=34"> TR CONSUMER FORUM Above: “A </a> <a title="TRBusiness October 2025 page 35" href="https://secure.viewer.zmags.com/publication/467b81e9?page=35"> </a> <a title="TRBusiness October 2025 page 36" href="https://secure.viewer.zmags.com/publication/467b81e9?page=36"> </a> <a title="TRBusiness October 2025 page 37" href="https://secure.viewer.zmags.com/publication/467b81e9?page=37"> ® Beautifully United to Help End Breast </a> <a title="TRBusiness October 2025 page 38" href="https://secure.viewer.zmags.com/publication/467b81e9?page=38"> THE FINEST TOBACCO. HAND SELECTED. </a> <a title="TRBusiness October 2025 page 39" href="https://secure.viewer.zmags.com/publication/467b81e9?page=39"> COVER STORY: LAGARDÈRE TRAVEL RETAIL Vision mee</a> <a title="TRBusiness October 2025 page 40" href="https://secure.viewer.zmags.com/publication/467b81e9?page=40"> COVER STORY: LAGARDÈRE TRAVEL RETAIL </a> <a title="TRBusiness October 2025 page 41" href="https://secure.viewer.zmags.com/publication/467b81e9?page=41"> COVER STORY: LAGARDÈRE TRAVEL RETAIL stakeholder</a> <a title="TRBusiness October 2025 page 42" href="https://secure.viewer.zmags.com/publication/467b81e9?page=42"> </a> <a title="TRBusiness October 2025 page 43" href="https://secure.viewer.zmags.com/publication/467b81e9?page=43"> COVER STORY: LAGARDÈRE TRAVEL RETAIL among the b</a> <a title="TRBusiness October 2025 page 44" href="https://secure.viewer.zmags.com/publication/467b81e9?page=44"> COVER STORY: LAGARDÈRE TRAVEL RETAIL </a> <a title="TRBusiness October 2025 page 45" href="https://secure.viewer.zmags.com/publication/467b81e9?page=45"> </a> <a title="TRBusiness October 2025 page 46" href="https://secure.viewer.zmags.com/publication/467b81e9?page=46"> COVER STORY: LAGARDÈRE TRAVEL RETAIL </a> <a title="TRBusiness October 2025 page 47" href="https://secure.viewer.zmags.com/publication/467b81e9?page=47"> MISTO BONTÀ A MIX OF GOODIES LO VED</a> <a title="TRBusiness October 2025 page 48" href="https://secure.viewer.zmags.com/publication/467b81e9?page=48"> ADVERTISEMENT FEATURE Vision-focused KOSÉ eyes </a> <a title="TRBusiness October 2025 page 49" href="https://secure.viewer.zmags.com/publication/467b81e9?page=49"> </a> <a title="TRBusiness October 2025 page 50" href="https://secure.viewer.zmags.com/publication/467b81e9?page=50"> Our nails speak. A mirror of our health and stat</a> <a title="TRBusiness October 2025 page 51" href="https://secure.viewer.zmags.com/publication/467b81e9?page=51"> LOYALTY PROGRAMMES The new face of travel retai</a> <a title="TRBusiness October 2025 page 52" href="https://secure.viewer.zmags.com/publication/467b81e9?page=52"> LOYALTY PROGRAMMES what can loyalty schemes from</a> <a title="TRBusiness October 2025 page 53" href="https://secure.viewer.zmags.com/publication/467b81e9?page=53"> LOYALTY PROGRAMMES refined the structure, signific</a> <a title="TRBusiness October 2025 page 54" href="https://secure.viewer.zmags.com/publication/467b81e9?page=54"> LOYALTY PROGRAMMES Abo</a> <a title="TRBusiness October 2025 page 55" href="https://secure.viewer.zmags.com/publication/467b81e9?page=55"> NEW SENSATIONAL NEW WAY TO ENJOY T</a> <a title="TRBusiness October 2025 page 56" href="https://secure.viewer.zmags.com/publication/467b81e9?page=56"> LOYALTY PROGRAMMES The Future Laboratory says t</a> <a title="TRBusiness October 2025 page 57" href="https://secure.viewer.zmags.com/publication/467b81e9?page=57"> </a> <a title="TRBusiness October 2025 page 58" href="https://secure.viewer.zmags.com/publication/467b81e9?page=58"> </a> <a title="TRBusiness October 2025 page 59" href="https://secure.viewer.zmags.com/publication/467b81e9?page=59"> LOYALTY PROGRAMMES activities, with the average </a> <a title="TRBusiness October 2025 page 60" href="https://secure.viewer.zmags.com/publication/467b81e9?page=60"> PREPARED FOR PRIORITY ACCESS Our Spectra 3.0. Du</a> <a title="TRBusiness October 2025 page 61" href="https://secure.viewer.zmags.com/publication/467b81e9?page=61"> LUXURY EXPERIENCES Luxury in transit: Unpacking</a> <a title="TRBusiness October 2025 page 62" href="https://secure.viewer.zmags.com/publication/467b81e9?page=62"> LUXURY EXPERIENCES “Traditionally, duty free lu</a> <a title="TRBusiness October 2025 page 63" href="https://secure.viewer.zmags.com/publication/467b81e9?page=63"> LUXURY EXPERIENCES Qatar Duty Fre</a> <a title="TRBusiness October 2025 page 64" href="https://secure.viewer.zmags.com/publication/467b81e9?page=64"> LUXURY EXPERIENCES Premium se</a> <a title="TRBusiness October 2025 page 65" href="https://secure.viewer.zmags.com/publication/467b81e9?page=65"> LUXURY EXPERIENCES when it comes to newer, local</a> <a title="TRBusiness October 2025 page 66" href="https://secure.viewer.zmags.com/publication/467b81e9?page=66"> LUXURY EXPERIENCES “These personal shoppers com</a> <a title="TRBusiness October 2025 page 67" href="https://secure.viewer.zmags.com/publication/467b81e9?page=67"> </a> <a title="TRBusiness October 2025 page 68" href="https://secure.viewer.zmags.com/publication/467b81e9?page=68"> LUXURY EXPERIENCES: GASSAN Gassan polishes the </a> <a title="TRBusiness October 2025 page 69" href="https://secure.viewer.zmags.com/publication/467b81e9?page=69"> LUXURY EXPERIENCES: GASSAN our offering – from hi</a> <a title="TRBusiness October 2025 page 70" href="https://secure.viewer.zmags.com/publication/467b81e9?page=70"> </a> <a title="TRBusiness October 2025 page 71" href="https://secure.viewer.zmags.com/publication/467b81e9?page=71"> TOURIST TAX Fresh calls for VAT-free shopping i</a> <a title="TRBusiness October 2025 page 72" href="https://secure.viewer.zmags.com/publication/467b81e9?page=72"> TOURIST TAX Above and previous p</a> <a title="TRBusiness October 2025 page 73" href="https://secure.viewer.zmags.com/publication/467b81e9?page=73"> TOURIST TAX internationally between January and </a> <a title="TRBusiness October 2025 page 74" href="https://secure.viewer.zmags.com/publication/467b81e9?page=74"> TOURIST TAX having a tax-free shopping scheme wo</a> <a title="TRBusiness October 2025 page 75" href="https://secure.viewer.zmags.com/publication/467b81e9?page=75"> </a> <a title="TRBusiness October 2025 page 76" href="https://secure.viewer.zmags.com/publication/467b81e9?page=76"> ADVERTISEMENT FEATURE The art of gifting: Why t</a> <a title="TRBusiness October 2025 page 77" href="https://secure.viewer.zmags.com/publication/467b81e9?page=77"> DFWC DFWC rallies stakeholders to advocate for </a> <a title="TRBusiness October 2025 page 78" href="https://secure.viewer.zmags.com/publication/467b81e9?page=78"> DFWC “We need retailers and airports, in partic</a> <a title="TRBusiness October 2025 page 79" href="https://secure.viewer.zmags.com/publication/467b81e9?page=79"> DFWC We must ensure that the positive responses </a> <a title="TRBusiness October 2025 page 80" href="https://secure.viewer.zmags.com/publication/467b81e9?page=80"> DFWC Above: awareness</a> <a title="TRBusiness October 2025 page 81" href="https://secure.viewer.zmags.com/publication/467b81e9?page=81"> TOM HOLLAND</a> <a title="TRBusiness October 2025 page 82" href="https://secure.viewer.zmags.com/publication/467b81e9?page=82"> ADVERTISEMENT FEATURE Beaute Luxe transforms in</a> <a title="TRBusiness October 2025 page 83" href="https://secure.viewer.zmags.com/publication/467b81e9?page=83"> </a> <a title="TRBusiness October 2025 page 84" href="https://secure.viewer.zmags.com/publication/467b81e9?page=84"> ELC'S BREAST CANCER CAMPAIGN `Tackling the prob</a> <a title="TRBusiness October 2025 page 85" href="https://secure.viewer.zmags.com/publication/467b81e9?page=85"> ELC'S BREAST CANCER CAMPAIGN through our partner</a> <a title="TRBusiness October 2025 page 86" href="https://secure.viewer.zmags.com/publication/467b81e9?page=86"> ELC'S BREAST CANCER CAMPAIGN Abo</a> <a title="TRBusiness October 2025 page 87" href="https://secure.viewer.zmags.com/publication/467b81e9?page=87"> ELC'S BREAST CANCER CAMPAIGN That is why The Est</a> <a title="TRBusiness October 2025 page 88" href="https://secure.viewer.zmags.com/publication/467b81e9?page=88"> NEW LOCATION: #14 IN BEACH VILLAGE 2 Enjoy</a> <a title="TRBusiness October 2025 page 89" href="https://secure.viewer.zmags.com/publication/467b81e9?page=89"> AROUND THE WORLD: EUROPE Retailers consolidate </a> <a title="TRBusiness October 2025 page 90" href="https://secure.viewer.zmags.com/publication/467b81e9?page=90"> AROUND THE WORLD: EUROPE </a> <a title="TRBusiness October 2025 page 91" href="https://secure.viewer.zmags.com/publication/467b81e9?page=91"> AROUND THE WORLD: EUROPE these challenges. Indee</a> <a title="TRBusiness October 2025 page 92" href="https://secure.viewer.zmags.com/publication/467b81e9?page=92"> AROUND THE WORLD: EUROPE </a> <a title="TRBusiness October 2025 page 93" href="https://secure.viewer.zmags.com/publication/467b81e9?page=93"> SMOOTH & FRUITY ORANGE ERA NEW</a> <a title="TRBusiness October 2025 page 94" href="https://secure.viewer.zmags.com/publication/467b81e9?page=94"> Find your fresh match. Full of taste, </a> <a title="TRBusiness October 2025 page 95" href="https://secure.viewer.zmags.com/publication/467b81e9?page=95"> AROUND THE WORLD: APAC APAC retailers navigatin</a> <a title="TRBusiness October 2025 page 96" href="https://secure.viewer.zmags.com/publication/467b81e9?page=96"> AROUND THE WORLD: APAC Looking at the long-t</a> <a title="TRBusiness October 2025 page 97" href="https://secure.viewer.zmags.com/publication/467b81e9?page=97"> AROUND THE WORLD: APAC tough macroeconomic condi</a> <a title="TRBusiness October 2025 page 98" href="https://secure.viewer.zmags.com/publication/467b81e9?page=98"> AROUND THE WORLD: APAC November 2024, wherein bo</a> <a title="TRBusiness October 2025 page 99" href="https://secure.viewer.zmags.com/publication/467b81e9?page=99"> </a> <a title="TRBusiness October 2025 page 100" href="https://secure.viewer.zmags.com/publication/467b81e9?page=100"> </a> <a title="TRBusiness October 2025 page 101" href="https://secure.viewer.zmags.com/publication/467b81e9?page=101"> AROUND THE WORLD: MEA Big box investments and c</a> <a title="TRBusiness October 2025 page 102" href="https://secure.viewer.zmags.com/publication/467b81e9?page=102"> AROUND THE WORLD: MEA Above: </a> <a title="TRBusiness October 2025 page 103" href="https://secure.viewer.zmags.com/publication/467b81e9?page=103"> AROUND THE WORLD: MEA will continue to deliver o</a> <a title="TRBusiness October 2025 page 104" href="https://secure.viewer.zmags.com/publication/467b81e9?page=104"> AROUND THE WORLD: MEA Above: The u</a> <a title="TRBusiness October 2025 page 105" href="https://secure.viewer.zmags.com/publication/467b81e9?page=105"> Travel light, snack right. Contact us at: t</a> <a title="TRBusiness October 2025 page 106" href="https://secure.viewer.zmags.com/publication/467b81e9?page=106"> </a> <a title="TRBusiness October 2025 page 107" href="https://secure.viewer.zmags.com/publication/467b81e9?page=107"> AROUND THE WORLD: AMERICAS Americas travel reta</a> <a title="TRBusiness October 2025 page 108" href="https://secure.viewer.zmags.com/publication/467b81e9?page=108"> AROUND THE WORLD: AMERICAS Above: </a> <a title="TRBusiness October 2025 page 109" href="https://secure.viewer.zmags.com/publication/467b81e9?page=109"> AROUND THE WORLD: AMERICAS administration in Jul</a> <a title="TRBusiness October 2025 page 110" href="https://secure.viewer.zmags.com/publication/467b81e9?page=110"> AROUND THE WORLD: AMERICAS “The border business</a> <a title="TRBusiness October 2025 page 111" href="https://secure.viewer.zmags.com/publication/467b81e9?page=111"> Visit our booth to receive FREE EARRINGS </a> <a title="TRBusiness October 2025 page 112" href="https://secure.viewer.zmags.com/publication/467b81e9?page=112"> ON LOCATION: NUXE Nuxe lifts the lid on formula</a> <a title="TRBusiness October 2025 page 113" href="https://secure.viewer.zmags.com/publication/467b81e9?page=113"> ON LOCATION: NUXE team has its work cut out – in</a> <a title="TRBusiness October 2025 page 114" href="https://secure.viewer.zmags.com/publication/467b81e9?page=114"> ON LOCATION: NUXE brand strategy of combining th</a> <a title="TRBusiness October 2025 page 115" href="https://secure.viewer.zmags.com/publication/467b81e9?page=115"> ON LOCATION: NUXE been tracking a “strong dynami</a> <a title="TRBusiness October 2025 page 116" href="https://secure.viewer.zmags.com/publication/467b81e9?page=116"> ON LOCATION: NUXE collection to </a> <a title="TRBusiness October 2025 page 117" href="https://secure.viewer.zmags.com/publication/467b81e9?page=117"> ON LOCATION: NUXE knowledgeable beauty advisors </a> <a title="TRBusiness October 2025 page 118" href="https://secure.viewer.zmags.com/publication/467b81e9?page=118"> A LEGACY UNCASKED A TRAVEL RETAIL EXCLUSIVE LAUNC</a> <a title="TRBusiness October 2025 page 119" href="https://secure.viewer.zmags.com/publication/467b81e9?page=119"> SUPPLIER SPOTLIGHT: VICTORINOX Asia and Latin A</a> <a title="TRBusiness October 2025 page 120" href="https://secure.viewer.zmags.com/publication/467b81e9?page=120"> SUPPLIER SPOTLIGHT: VICTORINOX </a> <a title="TRBusiness October 2025 page 121" href="https://secure.viewer.zmags.com/publication/467b81e9?page=121"> SUPPLIER SPOTLIGHT: VICTORINOX Which regions (EM</a> <a title="TRBusiness October 2025 page 122" href="https://secure.viewer.zmags.com/publication/467b81e9?page=122"> SUPPLIER SPOTLIGHT: VICTORINOX A</a> <a title="TRBusiness October 2025 page 123" href="https://secure.viewer.zmags.com/publication/467b81e9?page=123"> meet us at: TFWA CANNES Green Village Booth </a> <a title="TRBusiness October 2025 page 124" href="https://secure.viewer.zmags.com/publication/467b81e9?page=124"> MORE THAN JUST A SPRITZ.</a> <a title="TRBusiness October 2025 page 125" href="https://secure.viewer.zmags.com/publication/467b81e9?page=125"> SUPPLIER SPOTLIGHT: ANTONY MORATO Antony Morato</a> <a title="TRBusiness October 2025 page 126" href="https://secure.viewer.zmags.com/publication/467b81e9?page=126"> SUPPLIER SPOTLIGHT: ANTONY MORATO “We are layin</a> <a title="TRBusiness October 2025 page 127" href="https://secure.viewer.zmags.com/publication/467b81e9?page=127"> SUPPLIER SPOTLIGHT: ANTONY MORATO collections an</a> <a title="TRBusiness October 2025 page 128" href="https://secure.viewer.zmags.com/publication/467b81e9?page=128"> SUPPLIER SPOTLIGHT: ANTONY MORATO </a> <a title="TRBusiness October 2025 page 129" href="https://secure.viewer.zmags.com/publication/467b81e9?page=129"> </a> <a title="TRBusiness October 2025 page 130" href="https://secure.viewer.zmags.com/publication/467b81e9?page=130"> </a> <a title="TRBusiness October 2025 page 131" href="https://secure.viewer.zmags.com/publication/467b81e9?page=131"> SUPPLIER SPOTLIGHT: PURESSENTIEL Shaping the f</a> <a title="TRBusiness October 2025 page 132" href="https://secure.viewer.zmags.com/publication/467b81e9?page=132"> SUPPLIER SPOTLIGHT: PURESSENTIEL </a> <a title="TRBusiness October 2025 page 133" href="https://secure.viewer.zmags.com/publication/467b81e9?page=133"> SUPPLIER SPOTLIGHT: PURESSENTIEL “Although m</a> <a title="TRBusiness October 2025 page 134" href="https://secure.viewer.zmags.com/publication/467b81e9?page=134"> BRANDS ZONE Supercharge your shelf appeal TRBusi</a> <a title="TRBusiness October 2025 page 135" href="https://secure.viewer.zmags.com/publication/467b81e9?page=135"> WORK LIFE Spend a workday with... Lara Schlüter </a> <a title="TRBusiness October 2025 page 136" href="https://secure.viewer.zmags.com/publication/467b81e9?page=136"> PEOPLE People News Paradies Lagardèr</a> <a title="TRBusiness October 2025 page 137" href="https://secure.viewer.zmags.com/publication/467b81e9?page=137"> </a> <a title="TRBusiness October 2025 page 138" href="https://secure.viewer.zmags.com/publication/467b81e9?page=138"> COMMENT Now and Then... In reflective mood T </a> <a title="TRBusiness October 2025 page 139" href="https://secure.viewer.zmags.com/publication/467b81e9?page=139"> 2026 Summit Americas MARCH 28-31 • ROSEN SHINGLE </a> <a title="TRBusiness October 2025 page 140" href="https://secure.viewer.zmags.com/publication/467b81e9?page=140"> TOM HOLLAND</a>