| Flemingo
Shops Pvt Ltd is a UAE-based duty free operator having
operations spread across the UAE, India, Kenya, Srilanka
and Tanzania, including 25 stores at arrival and departure
terminals of 12 Indian airports.
The airport duty free retailing has a high growth
potential and is drawing interest of many local and
foreign players. Since it calls for technology and sourcing
network, most aspirants have tied up with MNC players.
Notable among the major tie-ups in this space are Alpha
with Pantaloon, Nuance with Shoppers' Stop, Aer Rienta
with Flemingo and Aldeasa with ITDC.
Apart from the duty free stores already under operations,
it has also obtained licences to operate duty-free shops
at Chennai, Visakhapatnam, Haldia, Goa and Mumbai seaports.
The duty free shop in Delhi has the contract till March
2008 and is on the 'Not Recommended' list of delWine
due to poor selection of wines, though.
Flemingo has associated with the Switzerland-based
Kraft Foods to offer Toblerone, Milk chocolate brands,
Maxwell House instant coffee and Tang powdered soft
drinks at preferential rates to customers visiting their
shops in India.
The duty-free shopping at Indian airports is still
a new concept. The average spend in duty-free shops
internationally is about $14 per person while in India,
it is among the lowest at $2 per person. Customers in
India need to be educated on the advantages of duty
free shopping.
While 70% of the revenue at international airports
outside India comes from non-aeronautical services,
it is just 25% in India.
Source: www.indiaretailbiz.com
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