Neutral Duty Free Shop is the leading Duty Free retailer on the Uruguayan side of the border between Uruguay and Brazil. In business for over 25 years, Neutral Duty Free Shop has retail stores in six different locations in Uruguay and one airport in Argentina. The company offers branded products in categories such as cosmetics, personal care, fragrances, alcohol & spirits, apparel, confectionary, branded food, consumer electronics, home appliances, houseware and toys.

Neutral Duty Free Shop is also the exclusive franchisee of Gap Inc. for Uruguay and Paraguay. The Company operates standalone duty-paid stores in the Uruguayan local market as well as branded store-in-stores at different Neutral duty-free locations on the border between Uruguay and Brazil. Neutral expects to continue growing Gap’s footprint in the region by opening additional branded standalone stores in Paraguay and Uruguay.

Initial Investment May 2011