PM: You are a young business. I can see a lot of sales being done online. But offline, selling in-store is a very different kettle of fish. Why would a travel retailer in a Spanish airport, for example, who would have their own sense of place for Spanish products, decide to allocate space to Italian? Are you not a little constrained by the way the travel retailers currently operate?
IDF: Yes the business is young, but my team has been created from years of experience in their own specialist fields. Your example makes a valid point and like most duty free products – whether it be regional, customer demographic or price point related – there will be limitations on suitability. Although we do have the advantage of selling the experience of a country loved by millions of visitors each year and one that is famous for its exquisite selections of regional gourmet products. The experience boxes are ideal for those that are planning to visit Italy, have visited our country and who wish to have a “trip down memory lane”, or who simply wish to experience a selection of luxury products that the country is famed for.
PM: Your product is excellent and, with the 360 VR tour, highly original. If you had three things you wanted to say to category managers to pitch your product, what would they be?
IDF: Many thanks, Peter. The product is the result of many hours of hard work but also passion. We know that travel retail has highlighted sense of place as an important aspect of the customer purchasing decision making process and that the travel retail industry is a stronger than the average retail platform for quality and sophistication. Therefore we would like to explain that these 3 aspects are also indirectly inside the experience boxes that makes the Ventuno Italy range ideal.