Times Newslink and Lian Tong secure Changi children’s concessions – 26/02/07

SINGAPORE. Times Newslink and Lian Tong Co have beaten tough competition to each capture a children’s shop concession at Singapore Changi Airport Terminal Two Departure/Transit Lounge North.

Times Newslink was awarded concession “˜A’, a shop of around 86sq m, while Lian Tong was awarded concession “˜B’, measuring 101sq m. Both contracts begin on 24 April and run for three years, with no option for renewal.

Times Newslink offered: for total monthly gross sales of up to S$200,000, 20% of the total monthly gross sales plus 22.5% of incremental monthly gross sales above S$200,000 OR a minimum monthly guaranteed payment of S$35,000, whichever is higher.

Lian Tong offered: for total monthly gross sales of up to S$260,000, 20% of the total monthly gross sales plus 25% of incremental monthly gross sales above S$260,000 OR a minimum monthly guaranteed payment of S$54,000, whichever is higher.

The winning bidders secured the concessions against competition from DFS, Giordano Originals, ATZ International, Jay Gee Enterprises and Vendermac Distribution.

MORE STORIES ON CHANGI AIRPORT

Changi authority issues tender for children’s and/or toys and games concession at T3 – 29/01/07

Key Singapore Changi children’s concession attracts a top-class field – 13/12/06

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