Macau airport duty-free contract awarded to JV
New operators are set to take up a Macau airport duty-free contract.
Bidding as China Duty Free (Macau), a JV between China Duty Free Group (CDFG) and King Power Macau (KPM), part of King Power Group (Hong Kong), has been awarded a five-year contract at the airport.
CDFG is a state-owned duty-free retailer with 249 outlets in China and overseas. Its parent company, China National Travel Service Group, is China’s largest tourism group. Its Macau success follows it being awarded the Hong Kong International Airport duty-free liquor, tobacco and gourmet foods concession (in partnership with Lagardere Travel Retail) last year, followed by the award of an eight-year duty-free contract (with its new subsidiary company Sunrise Duty Free) at Beijing Capital International Airport.
KPM runs the Southside concession at MIA and was the sole duty-free retailer there until 2014 when a dual-operator model was established by the airport (the other part is run by a JV between Sky Connection of Hong Kong and The Shilla Duty Free of South Korea).
“The partnership with KPM adds tremendous value to our bid, as the company has long-term experience and knowledge of the business at MIA,” says CDFG president Charles Chen.