Data analysis and market research consulting company GlobalData has announced that COVID-19 will devastate the global duty free market in 2020 to a tune of US$50 billion, with Asia Pacific to be hit hardest.
Lotte Duty Free has taken over the liquor and tobacco concessionaire at Changi Airport from incumbent DFS as of today; Lotte at Changi Airport to be the largest among Lotte’s Asia Pacific operations.
Travel retail exclusive The Macallan Concept Number 2 is a sherry-casked whisky that draws inspiration from music to create a hit.
Changi Airport Group has awarded its core category Liquor & Tobacco concession tender to Lotte Duty Free, part of South Korea conglomerate Lotte Corporation; it will run 18 liquor and tobacco stores across the four terminals in Changi Airport from June 2020.
In collaboration with DFS and Changi Airport Group, Rémy Cointreau has unveiled a special LOUIS XIII pop-up boutique at Changi Airport Terminal 3 that will run from now to 13 November 2019.
In a shock move, luxury travel retailer and long time incumbent DFS has revealed that it will not be renewing its travel retail concessions for liquor and tobacco at Changi Airport and will close all its stores there in mid-2020.