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The news is a big coup for Ever Rich DFS Corporation CEO and Vice Chairman Simon Chiang |
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Chiang Kai-Shek (CKS) Airport in Taipei |
TAIWAN. Incumbents Ever Rich Duty Free and Tasa Meng have been awarded the duty free tenders for Chiang Kai-Shek (CKS) Airport Terminal Two in Taipei.
The two companies have won the long-term concessions covering the South (C) Wing and North (D) Wing of CKS T2, respectively.
The contracts cover both Departures shops and Arrivals shops airside. The remit includes liquor & tobacco, cosmetics & fragrances, general merchandise, fashion boutiques, electronic shops, multi-media shop, book store and drugstore.
The contracts run for 12 years from 1 September 2006 until 31 August 2018.
These are key contracts at one of Asia’s most important duty free locations. Both retailers will sell a full portfolio of duty free goods from their main stores as well as a range of specialist shops.
Ever Rich is run by Vice Chairman and CEO Simon Chiang. The President of Tasa Meng is Nancy Ku.
The C Wing contract covers around 7,700sq m including shops and public facilities, while the D Wing offers over 10,000sq m of space in total.
It is understood that Ever Rich Duty Free will pay around TWD20 million (US$625,000) in royalties in the first year, with +2% added every subsequent year depending on fluctuations in the consumer price index.
The D Wing will involve a first-year royalty of TWD11.5 million (US$359,000) for the first year with a similar +2% annual increment.
The selection criteria were as follows:
A: Corporate image, Vision, and Contract Fulfilment Performance: 20%;
B: Financial Analysis, Operation Forecast, and Marketing Strategies: 20%;
C: Plan, Construction, and Operation of Shops and Public Facilities: 25%
D: Employee Training and Safety, Hygiene and Crisis Management: 20%;
E: Bid Bond: 15%.
