Lotte and Shilla were joined by Germany’s Gebr Heinemann in a tender exercise that closed on Monday, Yonhap reported, citing sources. Spokespeople for Lotte Duty Free and Shilla, which already sells cosmetics at Changi, confirmed their bids in separate statements to Bloomberg.
(Aug 27): Hotel Lotte Co and Hotel Shilla Co, South Korea’s two largest duty-free companies, are among bidders for the rights to take over the liquor and tobacco business at Singapore’s Changi Airport, after longtime operator DFS Group unexpectedly didn’t bid for the rights again.
See also: Lotte, Shilla said in bid for Changi airport duty-free ops
