Paradies Lagardère Explained
Paradies Lagardère (formerly The Paradies Shops, Inc.) operates stores in airports, hotels, and other locations throughout the United States and Canada. Locations include specialty stores, restaurants and bookstores.[1] The company was founded in 1960 in Atlanta, Georgia.
History
The Paradies Shops were founded by brothers Jim and Dan Paradies in 1960. Their first store was a toy shop at the then-Atlanta Municipal Airport, which was an immediate success, marking the beginning of North American airport retail. Since 1960, Paradies has expanded to over 1,035 stores in 103 airports. The company operates stores under brands such as The New York Times, various American collegiate athletic conferences, as well as Brooks Brothers, Corsa, Spanx, iStore, Swarovski, Pandora, Dylan's Candy, and many others. Paradies Lagardere also manages multiple fine dining food & beverage concepts within airports. The company was acquired by Lagardère Group, a French company, in October 2015. Since the acquisition, it has grown by 70% and currently employs over 6,000 people. Now known as Paradies Lagardère, the company encompasses all stores formerly under The Paradies Shops and LS Retail names. In 2018, Airport Revenue News named Paradies the “Best Overall Retailer” for the 23rd consecutive year.
History:
- 1852: Louis Hachette opened the first railway Bookstore, Bibliothèques de Gare, and the travel retail industry is born.
- 1881: Hatchette developed the distribution network Messageries Hachette, and becomes the supplier to over 80,000 press outlets across France.
- 1945: Hachette launched the renowned Elle Magazine.
- 1960: Jim and Dan Paradies open the first Paradies Shop in Atlanta Municipal Airport.
- 1986: Hachette acquired Curtis Circulation in the US, a leader in the magazine distribution market. In 1990: Hachette acquires Eastern Lobby Shops, a U.S. news and convenience retail company.
- 1992: PGA TOUR and Paradies sign an agreement for the first airport retail brand partnership.
- 1995: Hachette acquires The UCS Group, Canada’s largest press retailer.
- 1996: Coca-Cola names Paradies its official retailer for Summer Olympic games in Atlanta.
- 2000: Canada’s UCS Group merges with America’s Eastern Lobby Shops and gives birth to HDS Retail North America.
- 2007: Paradies launches its Food and Beverage Division.
- 2008: HDS Retail acquires a majority interest in the Phoenix-based Delstar Companies Inc., and the San Antonio-based airport retailer, News & Gift Shops International.
- 2011: HDS Retail North America becomes LS travel retail North America, to align with the corporate branding of Lagardère Services’ travel retail division.
- 2014: LS travel retail North America sells its Canadian urban retail locations to Gateway Newstands. The sale allows LS travel retail to focus on its core strategy – operating in travel environments.
- 2015: Airport Revenue News names Paradies “Best Overall Retailer” for the 20th consecutive year.
- 2015: Lagardère Travel Retail Acquires Paradies and merges it with LS travel retail North America to create the new market leader for airport concessions.
- 2018: Paradies Lagardere acquires Hojeij Branded Foods (HBF)[2]
External links
Notes and References
- Web site: The Paradies Shops, Inc.. https://web.archive.org/web/20090615043239/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=4244923. dead. June 15, 2009. BusinessWeek. December 25, 2009.
- "https://paradieslagardere.com/who-we-are/history/," History, ParadiesLagardere.com, 19 March 2018 "https://paradieslagardere.com/lstrna-news/paradies-lagardere-to-acquire-leading-airport-restaurateur-hojeij-branded-foods/" Press Release, ParadiesLagardere.com, 15 August 2018
