CPH and Heinemann extend contract

Gebr. Heinemann and Copenhagen Airport have extended their contract for a further two years beyond its original end date, February 2023.

The early contract extension means that Gebr. Heinemann Retail Aps – a wholly owned subsidiary of Gebr. Heinemann – will operate six Tax Free Shops, covering a total area of 3,600m2 at the Copenhagen location until at least February 2025. The new contract also includes an option for a further five years from 2025. The planned expansion of Terminal 3 would mean an increase in sales area for Gebr. Heinemann of around 2,000m2 to a total of 5,500m2.

"We’re extremely happy with this early contract extension. It underscores the trust our partner has placed in us and reflects the success our company has enjoyed at the Copenhagen site over the past 14 years. In addition, after two crisis years, the extension allows us to plan the recovery of our joint business at CPH over the longer term and with a little more certainty," said Florian Seidel, vice president sales EMEA at Gebr. Heinemann.

Peter Krogsgaard, CCO Copenhagen Airport, echoed Seidel’s sentiments, saying, “We’ve seen that even through a crisis both CPH and Gebr. Heinemann have been able to keep an optimistic and strong focus on new commercial opportunities. During this period, we have started to enhance and develop the shopping experience by introducing new categories, brands and service.”

CPH’s Tax-Free Shops were required to close for almost six months at the beginning of 2021, but sales figures are rising again, and the airport has seen a higher average transaction value and spend per pax than last year.