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Draft:London Supply Group

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London Supply Group S.A. is a marine supply and airport management firm based in Buenos Aires, Argentina. The company was founded on the 4th of February, 1942 and started out selling duty-free merchandise to ships in port.[1] The company is the largest duty-free retailer in Argentina.[1] The group owns several subsidiaries and brands across their portfolio including several duty-free chains, a charitable foundation, and their airport management division. The company employs 1200 workers across their stores and offices. The majority of LSG operations take place in Buenos Aires, Puerto Iguazu, and El Calafate. Today, the company serves 19 marine and airports across Argentina and Uruguay.

London Supply Group S.A.
IndustryMarine and Airport Supply
FoundedFebruary 4, 1942 (1942-02-04)
FounderJosé Taratuty
HeadquartersBuenos Aires, Argentina
Area served
Argentina and Uruguay
Key people
Teddy Taratudy (President)
BrandsDuty Free Shop Atlantico Sur

Duty Free Shop Puerto Iguazu Patagonia Shops Rio Gallegos

Frontier Wood Pellets
RevenueUS $25,500,000
Number of employees
1,200
SubsidiariesLondon Supply

Maderas de la Mesopotamia Riocal Zonas Francas ZFPL Grupo Servisiones Lexington Logistics Presta Fácil

LSG Foundation
Websitewww.londonsupplygroup.com

History

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Foundation & Early History

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London Supply Group was founded by José Taratuty on February 4,1942 as a marine supplier for ships in the Port of Buenos Aires. The company was given a decree authorizing them to sell duty-free products and tax-exempt goods to ships travelling overseas.[2] London Supply became the exclusive vendor for products manufactured by Massalin Particulares and Nobleza Piccardo. In 1955, London Supply secured a contract from Phillip Morris International for the import and distribution rights for sales in the Argentine Republic.[3]

Duty-Free

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In 1976, LSG began offering boutique services at the port of Tierra Del Fuego to passengers of the Fleet Fluvial Argentina cruise line.[2] In 1979, The shop became an official Duty-Free Shop under the Atlántico Sur brand.[4]

Airports

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Punta Del Este Airport

In 1992, London Supply entered the Airport Management industry when it secured a contract for the construction and operation of the Punta Del Este Aiport (ICAO: SUPE) in Uruguay. The airport is the 2nd largest in Uruguay and sees over 2 million passengers per annum.[5] The airport was designed by Uruguayan-Canadian Architect Carlos Ott.

Current Operations

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Airport Operation

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London Supply Group operates several airports across Argentina and Uruguay. Punta Del Este was their first airport; opened in 1992.[5] LSG also operates the El Calafate Comandante Armando Tola Intl. Airport (ICAO: SAWC) in El Calafate, Argentina. That airport was built in November of 2000. El Calafate airport is a gateway for travel to the Los Glaciares National Park. The airport was also the home base for the Perlan Project.

Airport ICAO IATA Location Passenger Count
Capitán de Corbeta Carlos A. Curbelo SUPE PDP Punta Del Este, Uruguay 165,000[6]
Comandante Armando Tola SAWC FTE El Calafate, Argentina 327,000[7]
Almirante Marcos A. Zar SAVT REL Trelew, Argentina 252,000[8]
Ushuaia – Malvinas Argentinas SAWH USH Usuaia, Argentina 512,000[9]

Duty Free Operations

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LSG operates a variety of Duty-Free brands at several airports across Argentina and Uruguay.

References

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  1. ^ a b "Interview with Teddy Taratuty, President of London Suppy Group". beyond-investments. Retrieved 2024-09-27.
  2. ^ a b "London Supply Group | The Group". londonsupplygroup.com. Retrieved 2024-10-01.
  3. ^ "Inico". www.pmi.com (in Spanish). Retrieved 2024-10-01.
  4. ^ "¡Hola!". www.dutyfreeshopatlanticosur.com. Retrieved 2024-10-03.
  5. ^ a b "CAAP - Corporación América Airports". www.caap.aero (in Spanish). Retrieved 2024-10-03.
  6. ^ "Actividad en aeropuerto de Carrasco cae tras cinco años". EL PAIS. 2019-02-06. Retrieved 2024-11-15.
  7. ^ "ACI World - The Voice of the World's Airports". Retrieved 2024-11-15.
  8. ^ AR-U), Chubut (province; Argentina (AR); Great Circle Mapper: Map, Blue Marble; Google Maps: Map, Satellite; Yandex Maps: Map, Satellite; Map, Bing Maps; Retrieval, FAA PilotWeb: NOTAM; Argentina, CIA: The World Factbook; DAFIF® (see important details), cycle 0610. "REL - Trelew [Almirante Zar], U, AR - Airport - Great Circle Mapper". www.gcmap.com. Retrieved 2024-11-15. {{cite web}}: |last4= has generic name (help)CS1 maint: numeric names: authors list (link)
  9. ^ https://web.archive.org/web/20090419234013/http://www.cra.gov.ar/dta/ais/aip/docs/244.pdf