SINGAPORE. Sunglass Hut (South East Asia) has been awarded the contract to operate an optical shop concession at Singapore Changi Airport’s new Terminal Three, Departure/Transit Lounge South.
The company was the higher of two bidders for the contract. It offered either 36.5% of the total monthly gross sales; or a minimum monthly guarantee payment of S$60,000, whichever is higher.
Rival Capitol Optical Co offer either 25% of sales or a minimum monthly guarantee payment of S$50,000, whichever is higher.
The contract is for three years and begins when the new T3 opens, probably in early 2008.
MORE STORIES ON SUNGLASS HUT
Sunglass Hut tops bidding for optical shop concession at Changi Terminal Three – 01/03/07
