Lagardère takes control of Creative Table Holdings in the United Arab Emirates – 02/18/2022 at 18:06


(AOF) – Lagardère has announced that Lagardère Travel Retail has signed an agreement to acquire a majority stake in Creative Table Holdings ltd, based in the United Arab Emirates. The price of the transaction was set at 74 million euros. “Creative Table Holdings ltd has successfully developed a Dubai airport catering offering for many years and has a portfolio of award-winning food and beverage brands (local and healthy concepts), complementary that of Lagardère Travel Retail”, explains Lagardère.

This acquisition will allow it to benefit from being anchored in one of the most reputable air hubs in the world and opens up new prospects for development at Dubai airport.

The completion of this acquisition, subject to the approval of the competent competition authorities and other customary conditions, should take place during the first quarter of 2022.



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