CDFG successfully secures the duty-free operating right at Shanghai Hongqiao International Airport and Pudong International Airport
19 July, 2018, Shanghai Airport Authority and Shanghai International Airport Co., Ltd officially published the Notice of Award, unveiling the final results of the eye-catching competitive bid for the duty-free operating right at Shanghai Hongqiao International Airport and Pudong International Airport, i.e., Sunrise Duty Free (Shanghai) Co., Ltd (“Sunrise Shanghai”), a subsidiary of China Duty Free Group Co,. Ltd (“CDFG”), finally secured the aforesaid right for the next seven years.
Shanghai Hongqiao International Airport had a passenger throughput of 41.88 million in 2017. Located 40 km away from Pudong Airport and 13 km away from the downtown Shanghai, it is an easily accessible downtown airport as well as a major part of Shanghai’s “Greater Hongqiao Business District”, enjoying a huge commercial potential with its unparalleled geographic superiority. As one of the three largest international airports in China, Shanghai Pudong International Airport had a passenger throughput of over 70 million in 2017, the 9th largest passenger throughput among global airports. In the future, it will be built into a large-scale mixed-type hub serving as the local traffic volume distribution hub, gateway hub along with domestic and international transfer hub at the same time which will finally become an important node in the world aviation network, making it a heavyweight player in the air transport industry and airport travel retail industry.
It is said that Hongqiao Airport now has a duty-free operating area of 1,500sqm, expected to increase to 2,088sqm after a new round of bidding, while the duty-free operating area at Pudong Airport will be increased from 6,600sqm to 16,915sqm after the bid. Sunrise Shanghai has nearly two decades of operating experience at Shanghai International Airport. While maintaining Sunrise Shanghai’s own existing good reputation, CDFG will actively work with Shanghai Airport Authority and Shanghai International Airport Co., Ltd towards their vision of building these two airports into the shopping window to Shanghai in terms of improving shopping environment as well as enriching the brand portfolio for shopping by leveraging the travel retail expertise of CDFG and Sunrise in terms of products, improving the commodity mix, enriching the brand portfolio together with bringing in more world-class brands popular among Chinese people. In terms of price, CDFG will continue to maintain its price competitiveness and provide domestic and foreign tourists with more attractive commodity prices. With respect to services, CDFG will seek business excellence at the same time create more luxurious and convenient duty-free shopping experience for consumers.
The president of CDFG and chairman of Sunrise Shanghai Mr. Charles Chen said, “I am deeply grateful to the project owner for its trust in and recognition of CDFG. This acquisition of the duty-free business at Shanghai Hongqiao International Airport and Pudong International Airport represents another important milestone in CDFG’s history. From Hong Kong Airport and Beijing Capital International Airport in 2017 to Macau Airport and Shanghai airports this year, CDFG has made unforgettable leap-forward progress. This deal also demonstrates the tremendous success that CDFG has made out of acquisition of Sunrise. After the two companies were integrated, CDFG has significantly improved its strength. I believe that with a growing market share and growing sourcing and operational capabilities, the ultimate beneficiary is China’s duty-free industry, airport duty-free business and the consumers along with the deepened strategic partnership with brands. As the largest duty-free operator in China, CDFG will continue to deliver on its commitment to making China’s duty-free industry larger, stronger and better and to work towards bringing overseas spending back home and improving the international competiveness of China’s duty-free industry.”
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