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Can Lotte make a success of liquor?Can Lotte make a success of liquor?
12-May-2008
Can a beauty and fashion specialist make a success of one of Asia’s leading duty-free liquor businesses? This is the challenge that lies ahead for South Korea’s Lotte Duty Free as it starts its five-year liquor and tobacco concession at Seoul Incheon airport. Joe Bates reports
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Duty-free liquor retailers in the Asia/Pacific region have a reputation for long tenures in airports. Take the classic example of DFS Group, which has retained its liquor and tobacco
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(26-Apr-2001) -
(30-Jun-2001) - SOUTH KOREA. Lotte Duty Free Stores is aiming to achieve $800m in sales in 2001, despite the slowdown in the South Korean economy, the company has told DFNI.
(1-Apr-2002) -
(1-Sep-2004) - SOUTH KOREA. Incheon International Airport Corp (IIAC) is to add 100sq m (1,080sq ft) of duty-free space to its airside retail area at Seoul Incheon airport later this year.
(27-Jun-2007) - Incheon International Airport Corp (IIAC) has selected Shilla Hotel, AK Duty Free and Lotte Hotel as preferred bidders for the duty-free concession contracts