Belgian financial newspapers L’Echo and De Tijd today disclose that Compagnie Nationale à Portefeuille (CNP), an investment vehicle of the Frère family, sold its 100% owned International Duty Free (IDF) subsidiary to the French group Lagardère. IDP operates the “Belgian Sky Shops”, the first duty-free shops at Brussels Airport, since they were created in 1958.
Today, IDF manages more than 30 duty-free fashion and confectionery shops at Brussels Airport. The company also has two stores at Brussels South Charleroi airport. Under the name “The Belgian Chocolate House”, the company operates chocolate shops in Brussels South, Antwerp, Luxembourg and Kenya.
IDP also includes Fashion Studio, The Luxury Hall, Summer Time and Precious Time (fashion and watches) and Epicure (gastronomy). The company has also established partnerships with well-known fashion brands such as Longchamps and Hugo Boss.