Table of Contents PART 01: EXECUTIVE SUMMARY PART 02: SCOPE OF THE REPORT PART 03: RESEARCH METHODOLOGY PART 04: INTRODUCTION • Global duty-free retailing market PART 05: MARKET LANDSCAPE • Duty-free retailing market in Europe • Market size and forecast PART 06: FIVE FORCES ANALYSIS • Five forces analysis PART 07: MARKET SEGMENTATION BY PRODUCT • Duty-free retailing market in Europe by product • Comparison by product • Fashion, accessories, and hard luxury – market size and forecast • Cosmetics and perfumes – market size and forecast • Wine and spirits – market size and forecast • Tobacco – market size and forecast • Confectionery and fine foods – market size and forecast • Market opportunity by product PART 08: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL • Duty-free retailing market in Europe by distribution channel • Comparison by distribution channel • Airports – market size and forecast • Border, downtown, and hotel shops – market size and forecast • Cruise lines, ferries, and seaports – market size and forecast • Rail stations and others – market size and forecast • Market opportunity by distribution channel PART 09: DECISION FRAMEWORK PART 10: DRIVERS AND CHALLENGES • Market drivers • Market challenges PART 11: MARKET TRENDS • Entry of global brands in European market • International retailers focusing on M&A PART 12: VENDOR LANDSCAPE • Competitive scenario • Key insights PART 13: VENDOR ANALYSIS • Vendor overview • Comparative analysis of key vendors • daa (Aer Rianta International) • Dufry • Lagardère • LVMH • Other prominent vendors PART 14: APPENDIX • List of abbreviations List of Exhibits Exhibit 01: Global duty-free retailing market 2016 (% share of revenue) Exhibit 02: Duty-free retailing market in Europe 2016 Exhibit 03: Duty-free retailing market in Europe: Supply chain Exhibit 04: Duty-free retailing market in Europe 2016-2021 ($ billions) Exhibit 05: Five forces analysis Exhibit 06: Duty-free retailing market in Europe: Segmentation by product 2016-2021 (% share of revenue) Exhibit 07: Duty-free retailing market in Europe: Comparison by product 2016 Exhibit 08: Duty-free fashion, accessories, and hard luxury retailing market in Europe– Market size and forecast 2016-2021 ($ billions) Exhibit 09: Duty-free fashion, accessories, and hard luxury retailing market in Europe – Year-over-year growth 2017-2021 (% value) Exhibit 10: Duty-free cosmetics and perfumes retailing market in Europe – Market size and forecast 2016-2021 ($ billions) Exhibit 11: Duty-free cosmetics and perfumes retailing market in Europe – Year-over-year growth 2017-2021 (% value) Exhibit 12: Duty-free wine and spirits retailing market in Europe– Market size and forecast 2016-2021 ($ billions) Exhibit 13: Duty-free wine and spirits retailing market in Europe– Year-over-year growth 2017-2021 (% value) Exhibit 14: Duty-free tobacco retailing market in Europe – Market size and forecast 2016-2021 ($ billions) Exhibit 15: Duty-free tobacco retailing market in Europe – Year-over-year growth 2017-2021 (%) Exhibit 16: Duty-free confectionery and fine foods retailing market in Europe – Market size and forecast 2016-2021 ($ billions) Exhibit 17: Duty-free confectionery and fine foods retailing market in Europe – Year-over-year growth 2017-2021 (% value) Exhibit 18: Duty-free retailing market in Europe by distribution channel – market size and forecast 2016-2021 (% share of revenue) Exhibit 19: Comparison by distribution channel 2016 Exhibit 20: Popular European airports with duty-free retail stores 2016 Exhibit 21: Duty-fee retailing market in Europe by airports – Market size and forecast 2016-2021 ($ billions) Exhibit 22: Duty-free retailing market in Europe by airports – Year-over-year growth 2017-2021 (%) Exhibit 23: Duty-free retailing market in Europe by border, downtown, and hotel shops – Market size and forecast 2016-2021 ($ billions) Exhibit 24: Duty-free retailing market in Europe by border, downtown, and hotel shops – Year-over-year growth 2017-2021 (% value) Exhibit 25: Duty-free retailing market in Europe by cruise lines, ferries, and seaports – Market size and forecast 2016-2021 ($ billions) Exhibit 26: Duty-free retailing market in Europe by cruise lines, ferries, and seaports– Year-over-year growth 2017-2021 (% value) Exhibit 27: Duty-free retailing market in Europe by rail stations and others – Market size and forecast 2016-2021 ($ billions) Exhibit 28: Rail stations and others – Year over year growth 2017-2021 (%) Exhibit 29: Key vendors: Comparative analysis of product portfolio, product pricing, and geographical presence 2016 Exhibit 30: daa: Business segmentation 2016 (% share of revenue) Exhibit 31: daa: Geographical segmentation 2016 (% share of revenue) Exhibit 32: Dufry: Business segmentation 2016 (% share of revenue) Exhibit 33: Dufry: Geographical segmentation 2016 (% share revenue) Exhibit 34: Dufry: Product segmentation 2016 (% share of revenue) Exhibit 35: Dufry: Distribution channel segmentation 2016 (% share of revenue) Exhibit 36: Lagardère: Business segmentation 2016 (% share of revenue) Exhibit 37: LVMH: Business segmentation 2016 (% share of revenue) Exhibit 38: LVMH: Geographical segmentation 2016 (% share of revenue) Exhibit 39: Duty-free retailing market in Europe: Other prominent vendors 2016

daa (Aer Rianta International), Dufry, Lagardère, LVMH, China Duty-free Group, Dubai Duty-free, Duty-free Americas, Gebr. Heinemann, JR/Group (James Richardson), King Power International, and THE SHILLA DUTY-FREE.