Parent company Dufry AG formally filed a registration statement with the SEC related to a proposed IPO of Class A shares in their travel retail subsidiary Hudson Ltd. They expect the offering to occur some time in 2018, with Credit Suisse, Morgan Stanley and UBS Investment Bank jointly running the offer. Hudson’s units include Hudson Booksellers and Hudson News among their portfolio of 971 stores across 87 “transportation terminals and destinations.” In the preliminary prospectus, the company discloses that sales of “literature and publications” (e.g. books, newspapers and periodicals) were $192.5 million in 2016 ($187.2 million in 2015, and $182.1 million […]
