Hojeij Branded Foods acquired by Lagardere Travel Retail

Lagardère Travel Retail has completed the acquisition of Hojeij Branded Foods (HBF) and its subsidiary Vino Volo, a leading player in North American airport dining. This move is part of the company's strategy to strengthen its presence in the airport foodservice segment in North America, a growing market driven by increasing passenger traffic and the rising demand for high-end concession dining experiences. The integration of HBF creates a premier airport dining operator in North America, combining Lagardère Travel Retail's existing operations with those of the acquired company. The resulting entity forms an expanded foodservice division operating in numerous airports, with a diverse portfolio of concepts and brands. The acquisition also generates significant commercial and operational synergies, including optimized procurement, shared support functions, enhanced operational efficiency, and the expanded rollout of existing proprietary dining concepts to new airport locations. Ultimately, this acquisition substantially reinforces Lagardère Travel Retail's position as a major player in the North American travel retail dining sector, solidifying its market presence and paving the way for further growth and expansion, with a total expected revenues of +$1.1b.