New Owner for Travel and Duty Free Research Specialist

Swedish firm Generation Research, a pioneer in MR in the travel retail sector established in the late 1970s, has been acquired by financial advisor and consultant Fredrik Lindh.

Generation founder Yngve Bia is described by travel retail and duty free business intelligence site www.moodiereport.com as 'the first man to try to provide statistical quantification and analysis of what back in 1979 was the very murky business of duty free retailing'. Bia will remain as a Senior Advisor at the company, and join an advisory board, while Lindh takes over as CEO. Both men are natives of the northern Swedish town of Örnsköldsvik.

Lindh said of the buy: 'I'm very pleased to take over the ownership and day-to-day management of Generation Research. The company has a unique position in the duty free and travel retail industry and an almost unlimited potential to grow.' Bia (pictured) said: 'In an increasingly challenging environment in the duty free and travel retail industry, which offers numerous opportunities as well, I am very pleased to see the company in the good hands of Fredrik and the established and experienced team of staff that has serviced the industry for so many years.'

The company, which boasts 'the world's largest data bank of duty free and travel retail statistics', is online at www.generation.se .