King Power close to securing Venetian Macau deal

Gavin Lipsith

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The Hong Kong retailer is set to stake its place in Macau's rapidly emerging hotel duty-free and luxury retail market with several outlets at the Cotai Strip's anchor hotel

The Venetian Macau will be the anchor hotel of the Cotai Strip, which is being marketed as an Asian version of the famous Las Vegas Strip. The development will include a hotel with 1,500 suites (rising to 3,000 in phase two of the project), a casino, a 1m sq ft (92,937sq m) convention centre, 15 restaurants, a 15,000-seat arena, a 2,000-seat showroom and a 600,000sq ft (55,762sq m) shopping mall.

Earlier in the year DFS Group signed an agreement with the Four Seasons Macau to open several outlets in the adjoining mall, including boutiques for Fendi, Gucci, Hermès, Christian Dior, Prada, Burberry, Salvatore Ferragamo, Cartier, Ermenegildo Zegna, Tods, Dunhill, Chaumet, Céline, Bvlgari, Chopard, Omega and Tag Heuer.

In other news, King Power Group has confirmed that it will bid for the multi-brand fashion concession currently being tendered at Singapore Changi terminal two. Tuli told DFNI Asia that the contract, currently held by DFS Group, was "key to [King Power's] strategy to expand in Singapore".