Newmark's Travel Retail team was appointed on September 24, 2024, by Paul Smith, a leading independent design company, to advise on its ambitious global expansion strategy. This new relationship will focus on opportunities with airport duty-free and cruise operators.
Paul Smith, with over 130 stores in more than 60 countries, aims to grow its presence in the travel retail market, which is projected to reach $145.9 billion in sales over the next three years. Newmark will present Paul Smith's fashion and accessories offering at this year's TFWA Cannes trade show.
This appointment highlights Newmark Retail's expertise and insight in the travel retail sector, enabling it to represent an established global brand in its growth strategy. The collaboration underscores Newmark's ability to support clients in specialized and rapidly expanding market channels.
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