CDFG inks contract following Beijing Daxing Airport victory

By Luke Barras-hill |

BeijingDaxing_contractsign

The new Beijing Daxing International Airport is expected to open in September.

China Duty Free Group (CDFG) put pen to paper yesterday (10 April) on a 10-year dual duty free contract at Beijing Daxing International Airport.

As reported, the Chinese duty free giant won the bid to operate two duty free concessions spanning liquor, tobacco and food, and fashion and beauty at the airport in March.

A signing ceremony drew dignitaries from CDFG and its parent company China International Travel Service (CITS) alongside officials from Beijing Capital Airport Commercial & Trading Co. and the management company at Daxing Airport.

Those present included Charles Chen, President, CDFG; Li Hong, General Manager of Beijing Capital Airport Commercial & Trading Co.; Wang Xuan, Vice President, CDFG; Yan Guang Wang, Deputy General Manager and General Manager of the Procurement Operations Department, CITS; Xue Jun, Deputy General Manager and Secretary of the Board, CITS; and Gao Xujiang, Assistant General Manager, CDFG.

JUNE COMPLETION

During the ceremony, Hong and Yang Xeubing, Deputy General Manager of the Strategic Development Department of Capital Airport Group, praised CDFG’s global tax free and domestic tourism retail experience as ‘second to none’.

The selection criteria and operational requirements at the new airport make CDFG ‘highly compatible’ and ‘ideal partners’ in the venture, they said, with the contract signing representing the groundwork for realising a ‘major political mission’ in opening the duty free shop.

Beijing Daxing International Airport is scheduled to complete on 30 June before operations begin on 30 September. The hub is expected to handle 45m in 2021, rising to 72m by 2025.

BeijingDaxing_Chen

A new dawn for Beijing Daxing International Airport’s duty free shop operations. CDFG President Charles Chen (left) signs the 10-year contract with Capital Airport Airport Commercial & Trading Company General Manager Li Hong in the presence of airport and commercial officials.

Adding their comments, CDFG’s Chen and CDFG Deputy General Manager and CITS’ Jun spoke of the trust placed in CDFG to execute the project, stressing the Group’s ‘mature operational experience and investment promotion’.

NEW RETAIL ‘BENCHMARK’

The company is in the stages of various preparatory works including brand negotiation, store design, engineering construction, customs approval and personnel recruitment to ensure the duty free shop concessions are completed on schedule.

A statement read: “During the next ten years of operation, the two parties will work together to give full play to their respective advantages and work together to improve the service quality and business image of tax free at Daxing Airport.”

Achieving a ‘win-win cooperation’ while establishing a tax exemption for the global airport will set a ‘new benchmark in retailing’, the statement added.

Middle East

JEDCO launches multi-category tenders at KAIA T1

Jeddah Airports Company (JEDCO KSA) has issued a request for proposals for several...

International

Alcohol insights: Conversion up, spend down in Q4

Conversion of visitors in the alcohol category in duty free has risen to 54% in Q4 2023,...

Asia & Pacific

Heinemann Asia Pacific makes breakthrough in New Zealand at AKL

Heinemann Asia Pacific is set to enter the New Zealand market with three new retail concepts at...

image description

In the Magazine

TRBusiness Magazine is free to access. Read the latest issue now.

E-mail this link to a friend