Luxury Ventures, DFS and Boss win Changi T1 fashion
By Doug Newhouse |
The Changi Airport Group (CAG) has awarded three fashion contracts with three-year durations (but no renewal options) for its Departure Transit Lounge East location in Singapore Changi Airport Terminal 1 to Luxury Ventures (Michael Kors), DFS Venture Singapore (Fendi); and Hugo Boss South East Asia.
The new Michael Kors (97sq m) and Fendi (56sq m) stores will begin trading from 11 September 2017 to 10 September 2020, while the Hugo Boss store contract runs from 11 April 2017 to 10 April 2020.
In addition, CAG has awarded a single watch concession covering two stores at its Departure Transit Lounge North and South in Terminal 3 to Shilla Travel Retail (Maison de Chronus).
TWO-YEAR RENEWAL CLAUSE…
CAG says that the new store in Departure Transit Lounge North, Terminal 3 will comprise 157sq m ‘or thereabouts’ and commence trading from 9 April 2017 to 8 April 2020.
It adds that the second store of around 145sq m will open on 9 January 2017 and operate until 8 January 2020. In addition, a two-year renewal option will be available to the incumbent based on successful trading – unlike the aforementioned T1 contracts.
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