Dubai Duty Free’s McLoughlin retires after 41 years on top

It’s easy to forget that Ireland has for years been a world leader when it comes to duty-free shopping. The first such shop in the world opened inin 1952, primarily to capitalise on wealthy passengers killing time while their planes were refuelled after or before crossing the Atlantic.

Now another pioneer in the space, Colm McLoughlin, is stepping down from the top job at Dubai Duty Free after more than 50 years in the industry and 41 in charge of what is one of the biggest such businesses in the world. The 80-year-old was part of the consulting team brought in from Aer Rianta – the forerunner to the– to launch Dubai’s duty free operation in 1983. In the years since he arrived, DDF’s sales have increased from $20 million in 1984 to close to $2.2 billion last year.

Dubai Shannon-Airport-Group Dublin-Airport-Authority

Ireland Latest News, Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tipperary end 20-year wait for league glory as Blair fires winner against GalwayThe Drom-Inch star Eimear McGrath converted eight frees for Tipperary.
Source: The42_ie - 🏆 5. / 86 Read more »

Dubai city hit by flooding as UAE sees heaviest rainfall in 75 yearsEmirates suspends check-in for passengers in Dubai after record rains
Source: IrishTimes - 🏆 3. / 98 Read more »

Off duty firefighter praised for saving man from burning carThe incident took place on Sunday evening in Antrim
Source: IrishMirror - 🏆 4. / 98 Read more »

Line of Duty star Brian McCardie dies aged 59It's man stuff
Source: JOEdotie - 🏆 31. / 51 Read more »

Line of Duty and Outlander star Brian McCardie dies aged 59 as tributes pour inActor Brian McCardie, who was best known for his role as the mafia boss John Thomas 'Tommy' Hunter in BBC drama Line of Duty has died, aged 59
Source: IrishMirror - 🏆 4. / 98 Read more »

'An experience that I will cherish forever' - Sinead Farrelly retires from Ireland dutyUS-born midfielder was drafted into squad ahead of last year’s World Cup and has called time on international career with eight caps.
Source: The42_ie - 🏆 5. / 86 Read more »