HUD News and Press, Hudson Ltd. Class A From 12/07/20

Merger activity increased last week with five new deals announced. The merger of IHS Markit and S&P Global for $44 billion. The acquisition of Slack Technologies by salesforce.com. For further details see: Merger Arbitrage Mondays: Yet Another Deal Receives A Higher ...

Hudson Ltd. (NYSE: HUD) (“Hudson” or “Company”) today announced that it has completed the previously announced merger with Dufry AG (“Dufry”). The closing of the transaction earlier today follows a special general meeting of Hudson’s ...

The Campaign Celebrates the Power of Reading and Finding Solace in Books Throughout 2020 Hudson Ltd. (NYSE: HUD) (“Hudson” or “Company”), a North American travel experience leader with more than 1,000 stores in airports, commuter hubs, landmarks a...

Positioned as a duty-free retail cyclical, Dufry has been hammered. Improved liquidity and an Alibaba stake enables not only survival but continual expansion, particularly in Asia. Despite rising +30% this week alone, there is still opportunity for its valuation to 2X, as a recove...

Hudson (HUD): Q3 Revenue of $130.9M misses by $22.58M.Duty Paid sales have recovered more rapidly than Duty Free sales, due to the limited number of international flights and the continued closure of the U.S./Canada border.The company has reopened over 300 stores as of October 31, 2...

Hudson (NYSE: HUD), a North American travel experience leader with more than 1,000 stores in airports, commuter hubs, landmarks and tourist destinations, today provided a trading update for the third quarter and nine months ended September 30, 2020. Hudson reported improved sales tr...

Hudson (NYSE: HUD), a North American travel experience leader with more than 1,000 stores in airports, commuter hubs, landmarks and tourist destinations, today announced that it will provide a trading update for the third quarter and nine months ended September 30, 2020 before the marke...

Chinese e-commerce giant Alibaba (BABA) is taking a stake of 6.1% in Swiss duty-free retailer, Dufry AG (DUFRY) as part of a roughly $900M capital increase. PE firm Advent international will have a 11.4% stake after the capital increase.Dufry and Alibaba Group have al...

Alibaba (BABA) will purchase up to a 9.99% stake in Swiss duty-free retailer Dufry, participating in a new $763M fundraising round.Dufry and Alibaba will also form a joint venture combining the tech giant's digital expertise with Dufry's travel retail business.The retailer is seeking funds af...

New Store Openings Underscore Hudson’s Continued Execution on its Business Strategy as Travelers Gradually Return to the Skies Hudson (NYSE: HUD), a travel experience leader with more than 1,000 stores in airports, commuter hubs, landmarks and tourist destinations across Nort...