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October 2001 - DUTY FREE AMERICAS CHANGES OWNERSHIP
On October 11, 2001, a group controlled by Miami-based Simon, Jerome and Leon Falic purchased World Duty Free Americas, Inc. (WDFA) from United Kingdom-based BAA, plc and changed the corporate name to Duty Free Americas, Inc. (DFA). In addition to corporate infrastructure and warehouse facilities, the acquisition included WDFA’s Airport, Northern Border (U.S./Canada) and Southern Border (U.S./Mexico) Divisions, consisting of 86 duty free, news & gift, and specialty retail stores, as well as several gas stations and convenience stores.
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