Lotte awarded duty free license at Melbourne Airport
Following a competitive tender process, Lotte Duty Free has successfully bid for the Melbourne Airport duty free license. Signing a 10-year contract, Lotte Duty Free will begin operating its Melbourne Airport store on June 1.
The Melbourne Airport Duty Free Shop is 3,600 square meters and the second largest among Lotte’s global airport operations, following Singapore’s Changi Airport store.
According to the team, the operator plans to expand its Melbourne placement to 5,800 square meters in the future. The Melbourne Airport branch handles all items including cosmetics, perfumes, alcohol and cigarettes, as well as fashion miscellaneous goods.
“The Melbourne Airport store, which will open in the first half of this year, will be a key base for Lotte Duty Free to expand its global business and recover the market. We plan to leap forward as a top duty free operator,” says Joo-Nam Kim, CEO, Lotte Duty Free Shop.
"In this bid, Lotte Duty Free emphasized its know-how, online platform capabilities and product sourcing competitiveness, as well as know-how in operating duty free businesses at major international airports in the Asia-Pacific region," reads the press release. Lotte will look to continue investing in duty free business infrastructure across the Oceania region.
Lotte Duty Free consecutively opened two new downtown stores last year; the first in Sydney, Australia, in May and the second in Danang, Vietnam, in November. It currently operates 13 stores in six countries overseas.