Lagardere to acquire Tastes on the Fly.

Lagardere, an operator of Travel Essentials, Duty Free & Fashion stores and food services in airports, agreed to acquire Tastes on the Fly, an airport restaurant operator. Financial terms were not disclosed. “This acquisition strongly reinforces the presence of Lagardère Travel Retail in the Foodservice industry and is in line with our strategy to grow in the three segments of Travel Retail: Duty Free & Fashion, Travel Essentials and Foodservice. We are very pleased to welcome Tastes on the Fly into our group. Together, we will aim to create a regional leader and break new ground,” Dag Rasmussen, Lagardère Travel Retail Chairman and Chief Executive Officer.