Lagardère announces the signing by Lagardère Travel Retail of an agreement to acquire a majority share and controlling interest in Creative Table Holdings ltd, a foodservice operator at Dubai airport

Lagardère announces the signature, on February 18, 2022, by Lagardère Travel Retail, of an agreement for the acquisition of a majority share in Creative Table Holdings ltd, based in the United Arab Emirates, thereby conferring on Lagardère Travel Retail the control of the company.

The company has for many years successfully developed a catering offer at Dubai airport as well as an award-winning portfolio of Food & Beverages brands (local and healthy concepts) that complements that of Lagardère Travel Retail.

This acquisition will allow Lagardère Travel Retail to benefit from a foothold in one of the most renowned airline hubs in the world and opens up new development prospects for it at Dubai airport.

The price of the operation was set at €74 million.

The completion of this acquisition, which remains subject to the approval of the competent competition authorities and other customary conditions, should take place during the first quarter of 2022.