For our European travel retail business, we make great progress in expanding our consumer coverage in France through new retail activation, new doors, and upgrading the existing fleet across our luxury portfolio.

Oct 30, 2025 / receipt

But Travel Retail East is a combination of Hainan again, the airport of Beijing and Shanghai, the universal app where people can buy online product, but is also, frankly, the rest of APAC.

Feb 5, 2026 / receipt, needs a key / Stefan, CEO | earnings call 2026-02-05 | transcript b2248d0e-73c2-4031-8e5e-1d380fbf22d3 | chars 27617-27805 | segment 28

We increased our presence in travel retail across the West, including with Duty Free America, as well as new and upgraded doors for our luxury fragrances in European and Middle Eastern airports, contributing to double-digit retail sales growth for fragrances across several major retailers in the first half of fiscal 26.

Feb 5, 2026 / receipt, needs a key / Stéphane Delafavre, CEO | earnings call 2026-02-05 | transcript b2248d0e-73c2-4031-8e5e-1d380fbf22d3 | chars 5270-5591 | segment 5

We were in double-digit growth in the first quarter, which was good. If you look at the rest of travel retail APAC, if you exclude China and Korea, we also believe that we are getting share with some positive momentum, especially in the emerging market Oceania.

Oct 30, 2025 / receipt, needs a key / Stefan, CEO | earnings call 2025-10-30 | transcript 96339935-03a8-4959-b801-60c4f633fc4b | chars 34489-34750 | segment 35

And on travel retail, we are starting to really double down in the West and Americas. So not only our position of strength in East, but now we want to position ourselves in a much stronger way in the global travel retail.

Oct 30, 2025 / receipt, needs a key / Stefan, CEO | earnings call 2025-10-30 | transcript 96339935-03a8-4959-b801-60c4f633fc4b | chars 37284-37505 | segment 38

For our European travel retail business, we make great progress in expanding our consumer coverage in France through new retail activation, new doors, and upgrading the existing fleet across our luxury portfolio.

Oct 30, 2025 / receipt, needs a key / Stéphane De La Fabrie, CEO | earnings call 2025-10-30 | transcript 96339935-03a8-4959-b801-60c4f633fc4b | chars 6153-6365 | segment 6

Look, travel retail is still very volatile. That's where we start, basically, like, you know, with the market. And you've asked specifically questions for TR Asia, like, you know, in general. But TR West is actually in a good place and we're seeing a lot of positive. But let me focus on, you know, TR East. It's a tale of different cities because I think we are starting to just, like, you know, lapse some of, like, you know, the worst decline.

Oct 30, 2025 / receipt, needs a key / Stefan, CEO | earnings call 2025-10-30 | transcript 96339935-03a8-4959-b801-60c4f633fc4b | chars 33920-34366 | segment 34

Importantly, we ended fiscal 25 much better position than fiscal 24 with healthier trade inventory, especially in travel retail Asia for currently forecasted demand.

Aug 20, 2025 / receipt, needs a key / Stephane De La Favre, CEO | earnings call 2025-08-20 | transcript fc6d5648-e391-459b-92fc-1970bc6b69e5 | chars 3206-3371 | segment 3

Also, if you remember, we've announced the collapse of the seven regions into four. So today, and Akhil mentioned in his prepared remark also, like, you know, the new geographical structure on which we are going to report on. which is obviously the Americas, UK, Asia and travel retail, and China as a standalone region.

Aug 20, 2025 / receipt, needs a key / Stefan, CEO | earnings call 2025-08-20 | transcript fc6d5648-e391-459b-92fc-1970bc6b69e5 | chars 29244-29564 | segment 29

Nearly two-thirds of our 8% organic sales decline came from travel retail, as it decreased 28% driven by strategic decision and prolonged weak conversion.

Aug 20, 2025 / receipt, needs a key / Stephane De La Favre, CEO | earnings call 2025-08-20 | transcript fc6d5648-e391-459b-92fc-1970bc6b69e5 | chars 3051-3205 | segment 3

In travel retail, we are greatly expanding our presence in the Americas through the all-new distribution with Duty Free Americas.

Aug 20, 2025 / receipt, needs a key / Stephane De La Favre, CEO | earnings call 2025-08-20 | transcript fc6d5648-e391-459b-92fc-1970bc6b69e5 | chars 11673-11802 | segment 11

Secondly, on travel retail, with the work we have done on the inventory and the difficult choices we made in 25, gives us a base from where we can grow.

Aug 20, 2025 / receipt, needs a key / Speaker (unnamed, likely CFO), CFO | earnings call 2025-08-20 | transcript fc6d5648-e391-459b-92fc-1970bc6b69e5 | chars 55358-55510 | segment 56

And I've spent personally with my new executive team countless hours and days, if not weeks, traveling around the world with town halls.

May 1, 2025 / receipt, needs a key / Stéphane, CEO | earnings call 2025-05-01 | transcript c0623751-f2f8-4c51-bb7c-e94f2f977be2 | chars 54871-55007 | segment 55