Leading airport retailer propels business growth across US
TAMPA, FL — September 4, 2018 – Stellar Partners, Inc. (Stellar) announces today that it has finalized the acquisition of Avila Retail Development & Management, LLC (Avila), increasing its airport retail footprint in the western region of the United States. Stellar is a leading travel venue retailer with a diverse portfolio that is now made up of more than 60 stores located in 14 airports. Through the acquisition, Stellar gained 25 stores in Albuquerque, Denver, San Francisco, and Phoenix. The combined entity sets the standard in the travel retail industry to accelerate business transformation and boost the development, operation and marketing of specialty, news and convenience stores.
“We are beyond delighted to officially welcome the Avila team to the Stellar family,” said Stellar President and Chief Operating Officer Padraig Drennan. “Avila’s stores and reputation of operational excellence are highly complementary to our portfolio. With this acquisition, we are ideally positioned to expand the Stellar experience with substantial growth and an established investment in the future. We look forward to the new opportunities this union brings to our guests and the travel industry.”
Avila is the award-winning airport retailer known for developing innovative concepts including Mosaic, Earth Spirit, and Indigenous that create a sense of place by showcasing local artists and jewelers. The company was established in 1990 by John and Kathleen Avila. Together, Stellar and Avila will provide travelers access to an extensive portfolio of exclusive brands plus decades of operating expertise and customer service-oriented values to airports across North America.
About Stellar Partners, Inc.
Headquartered in Tampa, Florida, Stellar Partners, Inc. is a leading airport retailer that develops, operates, and markets a portfolio of award-winning news/convenience and specialty stores that range from exclusive brands and regional favorites to well-known luxury brands. Founded in 1965, the company currently operates more than 60 stores that enrich the traveler’s shopping experience in 14 major U.S. airports. Stellar was named Best Airport Retailer for 2016 by Airport Revenue News and received the 2018 Airport Minority Advisory Council Inclusive Leader Catalyst Award. For more detailed information on the company and our brands, visit StellarAirportStores.com.
