SUBSCRIBERS
SIA, Sats and DFASS to invest over S$35m in share subscription for travel retail JV
Add BT as a preferred source
Nisha Ramchandani
Published Fri, Nov 23, 2018 · 09:50 PM
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE Airlines (SIA), ground-handler Sats and duty-free retailer DFASS will invest over S$35 million in travel retail joint venture KrisShop, which aims to offer targeted products and services for passengers.
The three companies first announced they were setting up KrisShop - previously Singapore Airport Duty-Free Emporium (SADE) - in March this year. KrisShop is being positioned as a travel retail business in Singapore, offering inflight and ground-based duty-free and duty-paid goods, as well as mail order and pre-order services.
Copyright SPH Media. All rights reserved.
