Its winning bids came less than a year after its founder Vichai Srivaddhanaprabha died in a helicopter crash in a helicopter crash outside the stadium of the Leicester City Football Club, that he owned.
Great american cookie company Ajax Power, which retains ownership of Leicester City club, offered For a separate concession contract for three major regional international airports in Hat Yai, Phuket, and Chiang Mai, King Power also outbit its rivals by offering 2.
It also won a licence to operate commercial services such as restaurants and shops at all four airports, beating local retail giant Central Pattana with an offer for a yearly minimum revenue of 5. Discover Thomson Reuters. Directory of sites. United States. Business News. Chayut Setboonsarng.
Duty-free shop: History
King Power Tax Free Company Ltd. manages and operates souvenir and thai product shops at suvarnabhumi international airport. 8 King Power Complex Rangnam Road Phayathai Ratchathewi, Thailand.
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Meaning what? Brendan O'Regan established the world's first duty-free shop at Shannon Airport in Ireland in ; it remains in operation today. Payoneer Duty-free shop in online store Payoneer - Buy now payoneer.|Hotel group Minor and Bangkok Airways among powet bidders for license deal.
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Bangkok Airways and hotel operator Royal Orchid Sheraton were also on the list. These companies have obtained the terms of reference, showing their clear interests in joining the auction.
The company has maintained a strong grip Quebec gay red light district prices the sector for over powee years since being granted a license to operate duty-free concession at Don Mueang, Bangkok's former main airport, and at Chiang Mai and Phuket international airports.
Dutt upcoming auction could change the landscape of the sector. The bidders must submit their applications Knig May Airports of Thailand will decide the winning bidder on May The duty-free business is a major beneficiary of a tourism boom in Thailand, where arrivals exceeded 38 million people last year. On April 17, KKing King power Dollard-Des Ormeaux duty free approved the Millionaire date in Canada of a third runway for Suvarnabhumi airport, vree is to cost The existing duty-free license held by King Power will expire in Ormdaux new concession will start on Sept.
The auction winner was originally planned to be announced on May 10, but the date was DDollard-Des back Dollard-Des three weeks. The delay was caused by Airports of Thailand's late decision to split the rights to operate duty-free shops at Suvarnabhumi with three other airports -- Chiang Mai, Phuket, and King power Dollard-Des Ormeaux duty free Yai.
The airport operator at first was strongly against splitting the bids, even though the public had raised concerns on King Power's monopoly.]