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Dear Fellow Shareholders,

Reflecting on my first year as Hudson's CEO, it has been an honor to help lead Hudson into the next era as we continue to evolve the travel retail experience. I am fortunate to have been part of Hudson's rich 30+ year history serving as the industry travel retail leader, and I am proud to lead the company in its transformation from being a travel retail pioneer to leading travel concessionaire.

As I look back on 2019, while we faced several challenges outside of our control, we accomplished much in the year. Thanks to the unwavering dedication of our team, we continued to win new and extend existing contracts, added exciting new brands to our portfolio, and expanded our footprint.

Roger Fordyce, CEO
Roger Fordyce, CEO
CEO main image CEO main image mobile

2019 Highlights

Achieved Record Turnover and Solid Organic Growth

Reached record full year turnover of $1.95 billion, 1.5% year-over-year increase. Delivered 1.4% organic sales growth

New Partnership with Food & Beverage Brand

Announced a partnership and license agreement with Joe & The Juice, a Scandinavian juice bar and coffee shop phenomenon

Opened a location at Vancouver International Airport (YVR) as part of the Company's accelerated food and beverage expansion

Expanded Brand Portfolio Through Acquisitions

Announced agreement to acquire a controlling stake in the assets of food & beverage operator OHM Concession Group, accelerating expansion into food & beverage service

Acquired the airport store assets for Brookstone, adding a strong, well-known and trusted brand to specialty retail portfolio

Growth through Market Expansions & Store Openings

Added new markets with RFP wins in Indianapolis International Airport and St. Pete-Clearwater International Airport

Launched new local concepts including "Empire on Fifth" and "Holidays by Hudson"

Our Pillars

Our Pillars - Travel Convenience

Specialty Retail

Our Pillars - Branded & Proprietary Specialty

Food & Beverage

Our Pillars - Duty Free

Duty Free

Our Pillars - Food & Beverage

Travel Convenience