Lagardère buys Paradies to build $800m giant

French global duty free and travel retailer, Lagardère Travel Retail (LTR) has agreed to buy North American airport retailer, Paradies, for $530m from Freeman Spogli & Co, the Paradies family and other shareholders to create the second-largest DF&TR player in North America with sales of $800m. The transaction will lead to the acquisition of 100%

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Lagardère buys Paradies to build $800m giant

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