Hotel Shilla Archives - Inside Retail Asia
South Korean duty-free retailers are temporarily shuttering metropolitan stores in response to a significant decline in tourist numbers caused by the coronavirus epidemic.
King Power’s long-criticised monopoly of Thai airport duty-free retailing appears to be nearing an end.
Hotel Shilla Hong Kong will invest US$167 million developing its concession at HKIA.
K-pop is luring young Chinese shoppers to South Korea, fuelling the nation’s duty-free sector.
The Shilla Duty Free has posted a 29 per cent rise in second-quarter revenues for its Korean downtown stores.
Eyeing the tourist market, Takashimaya Tokyo department store is going duty free with an airport-style store in Tokyo.
South Korea’s government has awarded two downtown Seoul duty free licences after a long tender process.
By Lina Jang of Korea Bizwire Hotel Shilla is aiming to take over DFASS, the world’s largest in-flight duty-free specialty retailer, to expand its duty-free business to on-board duty-free shopping. According to retail industry experts in Korea, Hotel Shilla selected Goldman Sachs as the managing underwriter for its acquisition of DFASS, and is now fine-tuning the detailed conditions for the purchase of controlling rights, such as the sales price. The hotel currently runs its duty-free…
South Korea’s Hotel Shilla has won the rights to operate a duty-free shop at Macau International Airport. Hotel Shilla has been awarded a five-year concession to run The Shilla Duty Free Shop at the airport starting November this year. The 1000 sqm duty-free shop will offer cosmetics, liquor and tobacco among other goods. “We are discussing the terms with the airport. The final decision is expected early next month,” a company official said. Samsung-affiliated Hotel Shilla will also …