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PRESS RELEASE December 1, 2016 DFWC and TRT agree to end collaboration on DFWC Academy project Despite the best efforts of both parties, Christine Martin of TRT and the DFWC, it has not been possible to reach agreement on the vision for the proposed DFWC Academy and by mutual agreement discussions have ended. This is a disappointing outcome given the amount of time and commitment from all parties which have gone into the project to date, but the work done is not lost and will provide the basis to move forward again with the academy project in due course. The DFWC is fully committed to making the DFWC Academy a reality and will now consider the options available. Much has been achieved, including the development of a sound legal basis for the academy and an initial set of draft Professional Standards ready for industry consultation. On behalf of the industry the DFWC would like to thank Christine and TRT for all the work to date and looks forward to other collaborative activities in the future. Contact: Gerard Murray Executive Secretary, [email protected] The Duty Free World Council, the DFWC, is the industry association representing the interests of the global duty free and travel retail channel and has the overall objective of creating the optimal operating environment for the industry that will allow it to achieve its full potential. Duty Free World Council 23-25 rue de Berri • 75008 Paris • France • Tel: +33 (0)1-4074-0721 • Fax:+33 (0)1-4074-0985 • www.dfworldcouncil.com Association Loi du 1 er juillet 1901 • Siret: 80255700900023 • APE: 9499Z • VAT: FR89 802557009

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PRESS RELEASE

December 1, 2016

DFWC and TRT agree to end collaboration on DFWC Academy project Despite the best efforts of both parties, Christine Martin of TRT and the DFWC, it has not been possible to reach agreement on the vision for the proposed DFWC Academy and by mutual agreement discussions have ended. This is a disappointing outcome given the amount of time and commitment from all parties which have gone into the project to date, but the work done is not lost and will provide the basis to move forward again with the academy project in due course. The DFWC is fully committed to making the DFWC Academy a reality and will now consider the options available. Much has been achieved, including the development of a sound legal basis for the academy and an initial set of draft Professional Standards ready for industry consultation. On behalf of the industry the DFWC would like to thank Christine and TRT for all the work to date and looks forward to other collaborative activities in the future.

Contact:Gerard MurrayExecutive Secretary, [email protected]

The Duty Free World Council, the DFWC, is the industry association representing the interests of the global duty free and travel retail channel and has the overall objective of creating the optimal operating environment for the industry that will allow it to achieve its full potential.

Duty Free World Council23-25 rue de Berri • 75008 Paris • France • Tel: +33 (0)1-4074-0721 • Fax:+33 (0)1-4074-0985 • www.dfworldcouncil.com

Association Loi du 1er juillet 1901 • Siret: 80255700900023 • APE: 9499Z • VAT: FR89 802557009

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