Lotte Duty Free wins a giant concession in Singapore

Home > Business > Industry

print dictionary print

Lotte Duty Free wins a giant concession in Singapore

Lotte Duty Free won the liquor and tobacco concession at Singapore’s Changi Airport, replacing DFS Group. Shilla Duty Free was reportedly one of the bidders for the tender, which closed in August.

Lotte will operate the business at the airport for six years starting in June 2020. At over 8,000 square meters (86,111 square feet), it will be the largest retail space Lotte operates at overseas airports, which includes those in Vietnam, Japan and Indonesia.

Singapore marks the eighth country in which the company has a presence.

“We express gratitude to people associated with Changi Airport for acknowledging Lotte Duty Free’s strengths and strategy,” said Lotte Duty Free CEO Lee Gap in a statement on Thursday.

“Wining the tender to operate business at Changi Airport is very meaningful in that we have established a bridgehead to achieve our vision of becoming the number one in global travel retail.”

By Jin Min-ji

More in Industry

Stores in malls fear change to retail law

Robofork

Big business recoils at new legal legislation

Hyundai Mobis has developed a hydrogen-powered forklift

Asiana adapts passenger plane to carry more cargo

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now