Provided by NZX
  • AIA3.825

    $0.0150.39%

  • Open 3.81 High 3.85 Low 3.815 Bid Price 3.81

    Offer Price 3.835 Value 2615697.17 Volume 682374

Current as of 24/10/14 07:40PM NZST

Christopher Adams

The Business Herald’s markets and banking reporter.

Airport shop places Ecoya brand in front of travellers

Ecoya hopes departing travellers will buy online on their return home. Photo / Supplied
Ecoya hopes departing travellers will buy online on their return home. Photo / Supplied

Scented candle and beauty products maker Ecoya has opened its first store - at Auckland Airport - and will open additional retail sites in Australia this year.

Chief executive Geoff Ross said the 23sq m store, in the international departures area, began trading last week.

The airport site gave the brand exposure to affluent international visitors who could purchase Ecoya products online after they arrived home, he said.

The retail space is shared with Trilogy, the skincare brand Ecoya purchased in 2010.

Ross said Ecoya would soon open two stores in Sydney - one in a large shopping mall and another in an "established shopping district".

Last month Ecoya forecast that its full-year revenue would be about 10 per cent higher than previous guidance, at around $22 million.

The company announced last month that institutional investors Pie Funds and Milford Asset Management were putting up $2 million for a stake in the firm.

Shares last night remained steady at $1.14.

- NZ Herald

© Copyright 2014, APN New Zealand Limited

Assembled by: (static) on production bpcf04 at 26 Oct 2014 20:44:59 Processing Time: 662ms