Airport Retailer Hudson Group Is Seeking an IPO in 2018
Photo Caption: Copies of the bestselling book The Goldfinch at Newark Liberty International Airport's Hudson Booksellers store. The parent company of the retail chain plans to list on the stock market. Hudson Group
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At least somebody benefits from flight delays. While many retailers struggle in the Amazon era, Hudson Booksellers is seeing sales growth thanks to more passengers crowding airports.
If you've flown around the United States or Canada, you've probably encountered a Hudson Booksellers shop. Most of the chain's 989 outlets are located in airports, including in 24 of the top 25 largest in the United States.
Hudson Group is a wholly owned subsidiary of Dufry, the world's largest airport retailer by sales.
Dufry intends to launch an initial public offering for its Hudson unit in 2018 while still retaining majority ownership.
Hudson has filed an investor's prospectus with the Securities and Exchange Commission, saying
