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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]
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.
Net profit for the period ending June fell by 84 percent from a year before, despite higher traffic and a 17.9 percent increase in revenue. The fall in profit was attributed to AoT's court case against King Power, the operator of duty-free shops within Suvarnabhumi Airport. King Power's concession was suspended while the case was in court ...
Suvarnabhumi International Airport (IATA: BKK, ICAO: VTBS) [4] [5] is the main international airport serving Bangkok, the capital of Thailand. [6] [7] Located mostly in Racha Thewa subdistrict, Bang Phli district, Samut Prakan province, it covers an area of 3,240 ha (32.4 km 2; 8,000 acres), making it one of the biggest international airports in Southeast Asia and a regional hub for aviation.
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]
In the 1960s and 1970s DFS Group significantly expanded their operation in Pacific Islands and North America. DFS capitalized on the rising wave of Asian tourists who began to travel further overseas, opening stores in international airports and later in downtown locations where travelers have their purchases delivered before departure. [8]
In November 2013, World Duty Free Group won the tender to operate 11 stores at Helsinki Vantaa Airport – the retailer's first business in the Nordic region. Thanks to it, WDFG operates four duty free and duty paid store, including two walkthrough shops, offering the core categories of beauty, liquor, tobacco and confectionery.