Dufry wins two key Changi T1 concessions

John Rimmer

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The Swiss retailer has been awarded watches and electronics concessions at the Singapore hub

CAAS has also awarded Dufry a three-year lifestyle electronics contract at Changi T1, departure lounge east. Dufry and rival electronics concessionaire Boon & Co were the only bidders for the contract, which begins on November 15.

The watch contract, which begins on November 1, covers an outlet of 228sq m (2,450sq ft). CAAS has an option to extend the contract for two years after it expires in November 2008.

Dufry bid 10% of monthly gross sales or a minimum monthly guarantee of S$410,830 ($243,095), whichever is higher. Richburgh's bid stood at 10% of monthly gross sales or an MMG of S$380,999 ($225,443) in year one, S$370,999 ($219,526) in year two and S$360,999 ($213,609) in year three. King Power also bid 10% of monthly sales or an MMG of S$274,000 ($162,130) in year one, S$288,000 ($170,414) in year two and S$303,000 ($179,290) in year three.

As reported by RavenFox.com on August 30, Dufry was in a strong position to win the electronics business based on its financial offer. It offered 12% of sales or a monthly minimum of S$150,000 ($90,000) on sales up to S$1.25m ($748,500). Above S$1.25m, it offered a minimum of S$167,000 ($100,000).

In other Changi news, Select Service Partner was one of three winners of food and beverage contracts in terminal one.