Date: November, 2014


Fast growing Flemingo International and on-board cruise retailer Harding Retail have announced a merger that sees Flemingo extend their presence in the global duty free and travel retail markets.
Harding Retail becomespart of an enlarged Flemingo International Group and will continue to operate under the leadership of Neil Harding, founder and CEO, and Harold Gittelmon, Managing Director, the latter becoming a Director of Flemingo International.
The Harding Retail trading name and place of business in Avonmouth, Bristol (UK) will be retained, together with their facilities in Sydney (Australia) and Miami (US).

Atul Ahuja, CEO Flemingo International stated “the way in which Harding Retail has been built and their future opportunitiesdovetail perfectly with the growth profile for Flemingo International. Harding Retail has excelled at the art of captive retailing and we can leverage those skills further in our wider business. We see Harding Retail joining Flemingo International as a major development of our company and we look forward to a positive and collaborative future.”

Neil Harding commented”This is a significant event in our history. It makes Harding Retail part of a large global business whilst retaining the essence of what has enabled us to grow successfully so far”.
The merger with Harding Retail enables Flemingo International to add the cruise retail sector to their fast growing portfolio as well as enhancing their strategic and operational capabilities.

The merger is also a key element in Flemingo International’s intention to proceed with an Initial Public Offering in the near future and is clear evidence of the progress made towards the Group’s aim of achieving $2billion sales by 2020.
Notes for Editors

Flemingo International
Flemingo International is a Dubai based global duty free and travel retail operator with a focus on emerging markets. In a short span of 17 years, Flemingo has established its operations across 4 continents and is now present in 34 countries with over 155 operations. Flemingo operates across different formats including duty free shops in airports, borders, downtown, seaports; UN commissary shops, diplomatic duty free, in addition to inflight supply as well as convenience stores, food & beverage and luxury retail outlets at airports. With emerging market focus, Flemingo operates master concession as well as partners with airports to lend its expertise and operational strength as well as infrastructure assistance. Flemingo is privately owned in majority supported by sound financial backing with investments from Samara capital (India), Albright Capital Management LLC (US), CDIB Capital (Asia), Samena Capital and Cartesian Capital Group.

Harding Retail
Founded on the family name and trusted since 1930, Harding Retail works in partnership with 18 of the largest cruise operators in the world, providing an unrivalled retail shopping experience in over 200 shops on board 57 of the world’s most famous cruise ships, showcasing brands, products and promotions that appeal to cruise passengers and guests, presented in contemporary environments and underpinned by exceptional service. Harding Retail clients include P&O, Cunard, Seabourn, Royal Caribbean International, P&O Australia, Regent, Oceania, Azamara, Thomson and Saga, successful partnerships that are being developed through Harding Retail,s commercial ‘5 Pillar’ strategy based upon customers, products, service, marketing and data. With offices in Bristol, Miami and Sydney, Harding Retail is a worldwide business that embodies all that is exciting in the world of international travel and leisure.