![]() ![]() In March 1973, the three joint owners of Stronghold (Accident & Casualty of Winterthur, National Fire of Hartford (CNA) and the Montagu Trust Group) also purchased The Reinsurance Corporation Limited (RCL). In October 1970, Accident & Casualty Insurance Company of Winterthur (42.5%), National Fire Insurance Company of Hartford (a member of the CNA Insurance Group of Chicago, USA) (42.5%) and the Montagu Trust Group (15%) acquired the £825,000 share capital of Stronghold. With an authorised and issued capital of £500,000, the principal shareholders were Bland Welch & Company Limited, Orion Insurance Company Limited, Hansa Insurance Group, Swiss National Insurance Company Limited and Bernese General Insurance Company Limited. Post-pandemic, minimal touch, autonomous stores are expected to prove popular at airports from both hygiene and convenience aspects.Stronghold Insurance Company Limited (Stronghold or the Company) was incorporated on 28 September 1962 under the Companies Act 1948 with its Registered Office located at 143 Fenchurch Street, London. The travel retailer-whose sales in 2022 where €3.9 billion (9.6% lower than in 2019)-says it first came up with the idea back in 2019, but Covid-19 brought plans to a temporary halt. This project represents a key milestone in our roadmap to elevate traveler shopping.” Séverine Lanthier, Asia COO and group chief strategy and development officer at Lagardère Travel Retail, commented: “I hope the new experience will appeal to travelers and become a memorable part of their journey. This 950 square meter store is the first autonomous store in Hong Kong Airport and, depending on its success, a Lagardère Travel Retail spokesperson said that the company may develop more in Chinese airports and train stations, “but nothing is planned yet.” Receipt printers are situated next to the exit and a staff member is present to answer questions and provide guidance. The AI utilizes various algorithms to track the movement of products as well as the gesture of the customers to ensure shoplifting can be identified and that purchase records are accurate. Customers use their credit card to enter the store shop the range of packaged food, ready-to-eats, beverages, travel essentials, and local souvenirs take the products and leave. The retailer hopes that by streamlining the shopping process passengers will get “a real” grab-and-go experience as they rush through the airport. Lagardère-which recently debuted Fortnum & Mason’s first store in Asian travel retail at the gateway-has used an AI system from Cloudpick, developed by Shanghai Yunna Intelligent Technology Company. airports.Ī futuristic checkout-free convenience store for Hong Kong International Airport. The store deploys AI and computer vision technology-much like Amazon’s AMZN Just Walk Out concept-which has appeared in U.S. A Hong Kong firstįurther afield, Lagardère Travel Retail has opened its first autonomous, checkout-free shop at Hong Kong International Airport called Travelwell. ![]() There is, therefore, a big opportunity for growth. However, despite being a center for trade and industry, the city’s airport is only the fourth busiest in the country, behind its south coast rival Nice Côte d’Azur Airport. ![]() We had to develop a highly authentic offer, through local and artisanal brands that were carefully selected."īy population, Marseille is France’s second biggest city after Paris with about 871,000 residents, and the third largest when including its entire metropolitan area. Vincent Romet, CEO of Lagardère Travel Retail France and Regional COO for the Middle East commented: “The new environment is exceptional and ambitious. In Terminal 2, the stores will be given a face-lift, with a revamp of the duty-free area of over 4,300 square feet and of the slightly smaller travel essentials space. Meanwhile, in the domestic flights area, Lagardère will open the first walk-through Relay store anywhere. The space dedicated to travel essentials will also cover more than 10,765 square feet, divided into four Relay stores, including a boutique in the public area of the terminal bringing together locally-made souvenirs and fashion items. A local product focus for the new retail units. ![]()
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