SINGAPORE, 29 May 2019 – Changi Airport Group (CAG) will launch a tender for its Duty-Free Liquor & Tobacco (L&T) concession on 4 June 2019. The tenancy terms will cover 18 stores, spanning over 8,000 sqm of retail space across Changi Airport’s four terminals, for a period of six years from 9 June 2020 to 8 June 2026.
CAG is seeking a strong partner with retail concepts to augment the passenger experience for the L&T concession. From store design and product range, to in-store activations and e-commerce strategy, the retailer should put forth a robust and compelling proposal, leveraging new technologies and innovations, to elevate travel retail at Changi.
The concession will serve more than 66 million international travellers who pass through Changi Airport annually. It presents a unique opportunity to work with an award-winning airport retail manager, recognised for its strong support for partners.
CAG Executive Vice President for Commercial, Ms Lim Peck Hoon, said,“We are excited to hear from the market and look forward to new retail concepts to bring the Liquor & Tobacco concession to new heights. Changi is fully committed in growing with our concession partners through impactful innovation and effective collaboration. There will be a wealth of opportunities for the L&T partner to showcase its offerings to Changi’s global audience, delivering revolutionary best-in-class retail experiences, to build and grow its business.”
Interested retailers will be required to attend a compulsory tender briefing and site visit scheduled on 25 June 2019. The deadline for submissions is 5 August 2019.
DFS Venture Singapore (Pte.) Limited (DFS) is the current operator of the L&T concession at Changi Airport. It has decided not to proceed with the two-year extension of its concession that was previously announced in December 2018. However, both CAG and DFS have agreed to extend by two-months DFS’ current tenancy, which will now end on 8 June 2020.
About Changi Airport Group
Changi Airport Group (Singapore) Pte Ltd (CAG) (www.changiairportgroup.com) was formed on 16 June 2009 and the corporatisation of Singapore Changi Airport (IATA: SIN, ICAO: WSSS) followed on 1 July 2009. As the company managing Changi Airport, CAG undertakes key functions focusing on airport operations and management, air hub development, commercial activities and airport emergency services. CAG also manages Seletar Airport (IATA: XSP, ICAO: WSSL) and through its subsidiary Changi Airports International, invests in and manages foreign airports.
The world's seventh busiest airport for international traffic, Changi Airport managed a record 65.6 million passenger movements in 2018. Including the new Jewel Changi Airport, Changi has more than 550 retail and service stores, as well as about 250 F&B outlets. With over 100 airlines connecting Singapore to 400 cities worldwide, Changi Airport handles about 7,400 flights every week, or about one every 80 seconds.