London Supply Group
From Wikipedia, the free encyclopedia
.jpg) A jet bridge bearing the logo of the London Supply Group | |
| Industry | Marine and Airport Supply |
|---|---|
| Founded | 4 February 1942 |
| Founder | José Tarantuty |
| Headquarters | Buenos Aires, Argentina |
Area served | Argentina and Uruguay |
Key people | Teddy Taratudy (President) |
| Brands |
|
| Revenue | US $25,500,000 |
Number of employees | 1,200 |
| Subsidiaries |
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| Website | www |
The London Supply Group S.A. is a marine supply and airport management firm based in Buenos Aires, Argentina. The company was founded on 4 February 1942 and started out selling duty-free merchandise to ships in port.[1][2] Today, 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.[2]
Foundation and early history
London Supply Group was founded by José Taratuty on 4 February 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.[3] 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.[4]
Duty-free
In 1976, LSG began offering boutique services at the port of Tierra Del Fuego to passengers of the Fleet Fluvial Argentina cruise line.[3] In 1979, The shop became an official duty-free shop under the Atlántico Sur brand.
Airports
In 1992, London Supply entered the airport management industry when it secured a contract for the construction and operation of the Punta Del Este Airport (ICAO: SUPE) in Uruguay. The airport is the second largest in Uruguay and sees over 2 million passengers per year.[5] The airport was designed by Uruguayan-Canadian Architect Carlos Ott.[6]
