Joint venture wins bid for luxury brands
King Power Global Development Co Ltd, a joint venture firm between King Power International Thailand and King Power Group Hong Kong, has won the bidding for the management of a number of luxury brands at Hong Kong Duty Free, according to a press release yesterday.
The five brands are Cartier, IWC, Schaffhausen, Piaget, Penerai, and Jaeger-LeCoultre.
The contract period starts from the second half of next year, the release said.
