The DFNI October 2025 edition is now live and ready to read. This time we gear up to the TFWA World Exhibition & Conference in Cannes and look forward to celebrating the best in the business at the Frontier Awards 2025. We present our annual Global Leaders Report, from page 56, including exclusive interviews with the world’s top 15 global travel retailers that generated combined sales of US$50.9bn in 2024. DFNI Editor, Kapila Ireland analyses the current state of the market and gathers exclusive CEO insights on the industry’s future. Milton also discusses price increases and a changing of creative guard across fashion groups, in the Fashion report from page 127.