Shilla plans duty-free shop in Cambodia
May 15, 2014
If confirmed, the move will mark the company’s first overseas downtown operation
Korean travel retailer The Shilla Duty Free plans to open a downtown duty-free shop in Cambodia, according to local reports citing the company.
If it goes ahead, the store will be The Shilla Duty Free’s first overseas downtown duty-free shop – it will also be the first duty-free store in Cambodia operating outside of an airport. While the location has not been revealed, it is expected it could be the country’s biggest tourist destination Angkor Wat, which attracted around 1.8m tourists in 2012.
The plan has been approved by company officials who are currently seeking confirmation from the Cambodian authroties. “Hotel Shilla’s board of directors approved the business. But the Cambodian authorities have not finalised the plan, and the final confirmation may be made early next year,” a company official told The Korea Times.
Outside its domestic market The Shilla Duty Free, the travel-retail subsidiary of Hotel Shilla, currently operates two fashion stores at Singapore Changi airport – Bottega Veneta and Prada – and has recently won two watches concessions and snapped the coveted beauty concession from incumbent Nuance-Watson at the airport.
Shilla Duty Free operates six stores in Korea, including downtown in Seoul and Jeju.
Five duty-free retailers, including Dufry Group, currently operate in Cambodia.