Published by Global Banking & Finance Review®
Posted on May 6, 2025
1 min readLast updated: January 24, 2026
CVC Capital Partners is exploring a $8 billion takeover of Swiss retailer Avolta, causing a 10% rise in Avolta's shares.
(Reuters) -Buyout specialist CVC Capital Partners is in the early stages of exploring a 6 billion pound ($8.03 billion) takeover of Swiss duty-free retailer Avolta, Sky News reported on Tuesday.
Avolta shares rose by 10% after the report. CVC Capital Partners and Avolta declined to comment to Reuters requests.
The travel retailer, which runs shops at airports, on cruise liners, in seaports and other tourist locations, has a market capitalization of 5.85 billion Swiss francs ($7.10 billion), according to LSEG data.
Avolta is the renamed group which emerged from the combination of travel retailer Dufry and Italy's Autogrill in 2023.
A deal could be made in conjunction with the Benetton family, the report said, adding it was unclear if members of the Benetton family would participate in a deal.
($1 = 0.7473 pounds)
($1 = 0.8239 Swiss francs)
(Reporting by Ananya Palyekar in Bengaluru; Editing by Arun Koyyur)
The main topic is CVC Capital Partners considering a takeover of Swiss retailer Avolta for $8 billion.
CVC Capital Partners and possibly the Benetton family are involved in the potential deal.
Avolta has a market capitalization of 5.85 billion Swiss francs.
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