Hudson Group (NYSE: HUD), a provider of North American travel retail, has announced it has signed an exclusive agreement with FAO Schwarz to serve as the exclusive airport retailer for FAO Schwarz and FAO Schweetz product and shops, with estimated openings by the end of 2019, the company said.
Hudson Group and FAO Schwarz will work closely on new store openings and brand extensions across the United States that build upon the founding principles of the iconic New York–based toy brand.
Hudson Group, one of the largest travel retailers in North America, is committed to enhancing the travel experience for over 300,000 travelers every day in the continental United States and Canada. A subsidiary of New York Stock Exchange-traded Hudson Ltd. (HUD), Hudson Group is anchored by its iconic Hudson, Hudson News and Hudson Bookseller brands. Hudson Group operates nearly 1,000 duty-paid and duty-free stores in 88 locations, including airports, commuter terminals, hotels and some of the most visited landmarks and tourist destinations in the world. For more information, visit www.hudsongroup.com and www.dufry.com.
In October 2016, FAO Schwarz was acquired by ThreeSixty Group Inc., a provider of branded consumer products to the nation´s largest retailers. FAO Schwarz has been a brand synonymous with quality and innovation, offering an unparalleled selection of extraordinary toys that have enchanted generations and cultivated a loyal clientele.