Dufry, a Swiss-based travel retailer which operates duty-free and duty-paid shops and convenience stores in airports, cruise lines, seaports, railway stations and central tourist areas, completed the merger with Autogrill, an Italian-based, multinational catering company, in a €3bn ($3.2bn) deal. "I am very happy to lead this transformative combination, which I am sure will reinforce the new Group strategy and will create sustainable long-term value for our customers and shareholders," Xavier Rossinyol, Dufry CEO.