DUFN Dufry AG

Avolta Expands Operations at John F. Kennedy International Airport with 15-year F&B Contract

Avolta AG / Key word(s): Miscellaneous
Avolta Expands Operations at John F. Kennedy International Airport with 15-year F&B Contract

19.02.2025 / 19:15 CET/CEST


Avolta AG (SIX: AVOL), the leading global travel retail and food & beverage player, has announced today a 15-year contract at John F. Kennedy International Airport (JFK) through HMSHost. Awarded by JFK International Air Terminal (JFKIAT), operator of Terminal 4, Avolta will open nine new restaurants in more than 1,500m2 of concession space, marking its first operations in T4. 

The significant win closely follows four earlier-announced contracts: for duty-free, travel convenience, specialty retail and hybrid concepts, along with for F&B, duty paid, and convenience concepts.

HMSHost will open an exciting lineup of dining venues that will offer travelers a rich culinary diversity that New York has to offer. Local concepts will include Manhattan’s Bessou, FIELDTRIP, Dos Toros Taqueria, Eataly, Boqueria, and Chopt; Brooklyn Tea & Market; and Villa Russo Café of Queens. Additionally, HMSHost will further develop its partnership with the James Beard Foundation® (JBF) to bring the Foundation’s Good To Go by JBF™ fast-casual concept to the terminal — which will debut in T4 with a menu by New York’s Due Madri.

“In a city renowned for its culinary scene, JFK has evolved into a dining destination in and by itself,” said Steve Johnson, President and CEO, North America, Avolta. “We embraced the opportunity to partner with JFKIAT, the Port Authority of New York and New Jersey, and our joint-venture partners to be a part of the evolution of JFK and make the journey as exciting as the destination for travelers passing through Terminal 4.”

The new contract significantly grows the company’s presence at one of the busiest airports in North America and among the most active air terminals in the New York area, where HMSHost currently operates dining venues in Terminals 1, 5, and 8.

For further information:

CONTACT
 

Rebecca McClellan Cathy Jongens
   
Global Head
Investor Relations
Director Corporate 
Communications
Phone : 5  Phone : 28 
   


End of Media Release


Language: English
Company: Avolta AG
Brunngässlein 12
4010 Basel
Switzerland
Phone:
E-mail:
Internet: /
ISIN: CH0023405456
Listed: SIX Swiss Exchange
EQS News ID: 2088843

 
End of News EQS News Service

2088843  19.02.2025 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=2088843&application_name=news&site_id=research_pool~~~9efe1c65-8ece-4ff7-9608-f21c8e0a38a3
EN
19/02/2025

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Dufry AG

Fehmi Ben Naamane
  • Fehmi Ben Naamane
Fehmi Ben Naamane
  • Fehmi Ben Naamane
Anne-Barbara Nicco
  • Anne-Barbara Nicco

Avolta : HY Retail : Call me maybe

The maturity profile of high-yield debt in the retail and personal & household goods (PHG) sectors shows a total of around € 5bn in maturities in 2026 and 2027, for which we expect a moderate € 3.5bn to € 4bn in conventional refinancing. However, a major wave of early refinancing of longer-dated notes could very well come onto the primary market this year in order to benefit from lower interest rates and spreads. Most of these bonds, issued in 2023-24 with high coupons, can be called from 2026 a...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch