Adani Enterprises purchases France-based Duty Free Market

Adani Enterprises, managed by Gautam Adani, said on Wednesday that its Dubai branch, Ospree International FZCO, has bought Le Marche Duty Free SAS (LMDF), situated in France, for €5,000.

In an attempt to accelerate its development in the duty-free business, Adani Enterprises stated in an exchange filing that the purchase is crucial in the benefit of Mumbai Travel Retail Private Limited.

Adani Group, a prominent airport operator in India, announced intentions to enter the duty-free business in November 2023, with the creation of a wholly-owned subsidiary, MTRPL Macau Ltd, in Macau to establish duty-free stores at Macau International Airport.

The airport had issued bids and said that it was searching for a “operator to operate duty-free liquor and tobacco services, optionally with or without general merchandise retail services (but no perfume and cosmetics), with the defined subconcession areas of Macau International Airport.”

The ports-to-oil conglomerate has recently expanded into a variety of industries, including telecom, data centers, cement, and media.