The King Power Group have won an auction to become the duty-free operator at Suvarnambhumi Airport.
The news was confirmed by Airports of Thailand (via Reuters), with the final decision set to be officially confirmed on 19 June after the final step of the process is complete.
King Power scored the highest in a concession bid, against two other competitors, for the license, which will expire next year.
When King Power are officially confirmed as the winners, their new concession will begin on 28 September 2020 and expire on 31 March 2031.
“The company that scored the highest is King Power Duty Free Company and the winner offered the highest return that what Airports of Thailand (AOT) has received before and higher than AOT estimate,” Wichai Bunyu, senior executive vice president, AOT, said in an official statement.
King Power has been the only duty-free operator at Suvarnambhumi Airport since 2006, but the Thai government had ordered a review of duty-free auction amid monopoly concerns.
There has also been an auction to operate duty-free shops at Chiang Mail, Phuket and Hat Yai airports. The winner will be announced on 3 June.
The news comes after King Power lost out on the retail bid for U-Tapao International Airport in November 2018.