Hudson Group and FAO Schwarz agree to open toy and candy stores in airports across the US

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Travel retailer Hudson sets IPO terms, to offer 34.9 million shares at $19 to $21 a pop

Travel retailer Hudson Ltd. set the terms for its planned initial public offering on Friday, saying it will offer 34.9 million shares priced at $19 to $21 each. The company is planning to list on the New York Stock Exchange, under the ticker symbol “HUD”. Credit Suisse, Morgan Stanley, UBS, BofA Merrill Lynch and Goldman Sachs are lead managers with Banco Santander, BBVA, BNP Paribas, Credit Agricole, HSBC, Natixis, Raiffeisen Centrobank and Unicredit acting as co-managers. Hudson has 989 stores in 88 locations across North America, according to its prospectus, many of them in airports. Sales totaled $1.7 billion in the 12 months to end September, 2017.

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