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China Power: an amicable end to a bold projectChina Power: an amicable end to a bold project
John Rimmer
15-Jul-2005
As divorces go, it's an amicable parting of the ways. King Power Group (Hong Kong) and China Duty Free Group (CDFG) are to end the joint purchasing agreement they created through the China Power venture in 2001, but both parties insist they will continue to cooperate on new business opportunities in China and elsewhere
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As King Power director Ayub Khan told DFNI earlier this year: "We are friends and we will always be friends because of our shared history. We understand one another very
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(30-Jun-2005) - King Power Group and China Duty Free Group are to resume separate purchasing arrangements in the Chinese market, though the two operators will continue to seek business opportunities together through the China Power venture
(4-Feb-2003) - China Duty Free Group?s operations department is contacting suppliers seeking support for the new airport duty-free shop at Xian, location of the famous Terracotta Warriors and one of the country?s leading tourist destinations.
(14-Jul-2001) - CHINA/FRANCE. China Power Duty Free Group has opened a European office in Paris. The company has appointed former Tax Free World Association chief executive Elysabeth Blachais-Catoire as a consultant to the group.
(15-May-2002) - CHINA. China Power Duty Free Group, the alliance between King Power Group and China Duty Free Group, will conduct purchasing for all product categories for both partners as the companies extend their cooperation.
