King Power International has won a concession to open a further Paul and Shark retail outlet at Changi Airport Terminal 1.
KPI Singapore is a subsidiary of the Antares Cheng-led King Power Group (Hong Kong) and this is the second Paul and Shark outlet, with the first already established in Singapore Changi Airport Terminal 2.
The new T1 store will occupy the 161sq m space currently being vacated by Esprit and is expected to begin trading on 11 April 2013 on a three-year contract running through to 10 April 2016.
Commenting on the development, Andrea Dini, CEO of Paul and Shark said: “Paul & Shark opened its first shop in Singapore in T2 of Changi Airport 3 years ago through partnership with King Power with great success. We are very pleased to learn that we won the tender for T1 and looking forward to another successful collaboration with King Power”.
Sunil Tuli, Managing Director of King Power (Travel Retail and Duty Free) added: “The brand is very popular and we are very pleased with its performance. It is a high quality product and the awareness within the region and other parts of the world is good and the partnership works really well for us with them.”
Currently, the brand operates more than 200 stand-alone stores and has numerous shop-in-shop locations around the world. It is also keen to expand its travel retail business and says it will be exhibiting at trade shows in future.
[Top image: Antares Cheng and Sunil Tuli in the Paul & Shark store in Changi T2 in 2010].
Asia & Pacific,