Advent-backed Dufry completed the acquisition of Hudson for $311m.

Advent-backed Dufry, a Swiss-based travel retailer which operates duty-free and duty-paid shops and convenience stores, completed the acquisition of Hudson, a North America travel retailer, for $311m. “While our ownership structure will change as a result of the proposed transaction, the re-integration of Hudson into Dufry will further facilitate the execution of our business strategy. Hudson successfully implemented its business and growth plans as a wholly owned Dufry subsidiary for nearly nine years prior to our initial public offering in 2018. Our strategy remains unchanged to serve as the all-encompassing travel partner and we will continue to focus on our four key pillars: travel convenience, specialty retail, duty free, and food and beverage,” Roger Fordyce, Hudson CEO.