Relay is a chain of newspaper, magazine, book, and convenience stores, mostly based in train stations and airports. It is owned by Lagardère Travel Retail, a subsidiary of Lagardère Group.
Its heaviest concentration is in France, but it also operates in other countries. In 2010, the network had 1,100 shops on 4 continents. [1]
History
Relay started under the name Relais H', when in 1852 Louis Hachette acquired the "trainstations' libraries". The sales of newspapers quickly overperformed the sales of books. To keep books' sales up, Relais H innovated by creating book series and asking specific authors to write those series. [2]
In January 2000, the stores Relais H became Relay. At that time, Relay owned 1,000 stores in 10 countries in Europe and North America. [3]
In October 2012, Lagardere TR created a joint-venture with Indian Travel Food Services to develop Relay in India. [4]
In February 2016, Lagardere sold its Travel Retail operations in Belgium to the Bpost group for $491 million. [5]
See also
References
- ^ "Tout savoir sur Relay" (in French)
- ^ Claire Devarrieux (1 April 1999). "Comment Hachette fit ses pieuvres". Liberation.fr (in French). Retrieved 2016-08-07.
- ^ "Relais H devient Relay". Strategies.fr (in French). 14 January 2000. Retrieved 2016-08-07.
- ^ Samidha Sharma (11 October 2012). "Lagardere Group strikes Indian JV for airport retail". Indiatimes.com. Retrieved 2016-08-07.
- ^ Doug Newhouse (6 February 2016). "LTR sells $491m Belgian arm and franchises Relay". Trbusiness.com. Retrieved 2016-08-07.
External links
- www.relay.com Official website
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