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Then in 2014, King Power gained an in-flight duty free concession from Thai AirAsia X and opened the first Leicester City fan store at BTS Siam Station. [12] In June 2016 King Power purchased a US$226 million stake in Thai AirAsia, the country's largest budget airline. The purchase of 39 percent of holding company Asia Aviation makes King Power ...
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]
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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.