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King Power's cash cow is the proprietary concession of Thailand's duty-free business." [2] The company is the largest duty-free retailer in Thailand. Its duty free shopping mall in Bangkok's central business district covers over 12,000 square metres (130,000 sq ft) [3] and it has branches at Suvarnabhumi Airport and Thailand's other major ...
King Power – the largest duty-free retailer in Thailand, its duty-free shopping mall in Bangkok's central business district covers over 12,000 m 2, [13] and it has branches at Suvarnabhumi Airport and Thailand's other major airports. In 2015, King Power launched an online site selling duty-free and duty-paid items. [14]
Vichai was the founder and CEO of King Power, an operator of duty-free shops. [6] In December 2009, King Power received the royal warrant from King Bhumibol of Thailand in a ceremony attended by Vichai. [7] In October 2018, he was ranked by Forbes magazine as the 5th richest man in Thailand, reportedly worth US$4.9 billion. [8]
The death of Leicester City soccer club owner Vichai Srivaddhanaprabha adds to challenges his King Power International empire faces as its dominance of the lucrative Thai duty-free industry comes ...
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Aiyawatt "Top" Srivaddhanaprabha [3] (Thai: อัยยวัฒน์ ศรีวัฒนประภา; born Aiyawatt Raksriaksorn [อัยยวัฒน์ รักศรีอักษร] on 26 July 1985) [4] is a Thai businessman, the CEO and chairman of King Power, and the chairman of Leicester City and OH Leuven. [1]
In late 2018, King Power was awarded a ten-year contract to operate U-Tapao duty-free shops. A partnership between Thai retailer Central Department Store Company (Central Group) and DFS Group will manage retail shops and services, mainly food and beverage, also for 10 years. [22]
Brendan O'Regan established the world's first duty-free shop at Shannon Airport in Ireland in 1947; [6] it remains in operation today. Designed to provide a service for trans-Atlantic airline passengers typically travelling between Europe and North America whose flights stopped for refuelling on outbound and inbound legs of their journeys, it was an immediate success and has been copied worldwide.