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Autogrill SpA Enters Agreement to Set Up Autogrill VFS F&B Company in Joint Venture With Vietnam Food and Beverage Services Company Ltd.

Tuesday, 9 Apr 2013 06:26am EDT 

Autogrill SpA announced that through its HMSHost International division, and local F&B operator Vietnam Food and Beverage Services Company Ltd., part of Imex Pan Pacific Group, it has entered an agreement to set up Autogrill VFS F&B Company, a Newco that is planned to be responsible for over 80 points of sale in airports in Vietnam. Autogrill VFS F&B Company will operate the F&B business consisting of 28 points of sale that IPP Group already operates at Ho Chi Minh and Da Nang and Phu Quoc airports. An additional 6 points of sale will be starting operations at Hanoi airport in the second half of the year. On reaching capacity planned by the end of 2014, the new business will generate estimated annual overall revenues of more than USD 20 million. 

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