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AOT Submits Plan to Resolve King Power Duty-Free Contract Dispute
AOT Submits Plan to Resolve King Power Duty-Free Contract Dispute
MONDAY, OCTOBER 06, 2025
Paweena Jariyathitipong, acting president of Airports of Thailand, is set to brief the board on initial strategies to resolve the long-standing concession issue, while King Power prepares to approach lendersKing Power to Restructure Amidst Shifting Consumer Landscape
King Power to Restructure Amidst Shifting Consumer Landscape
FRIDAY, SEPTEMBER 12, 2025
Duty-free giant closes three downtown stores, pivots to China to weather a decline in tour groups and a rise in independent travelKing Power to Close Three Downtown Duty-Free Stores Amid Restructure
King Power to Close Three Downtown Duty-Free Stores Amid Restructure
TUESDAY, JULY 22, 2025
Thai retail giant King Power is set to shutter three of its city duty-free branches by September, offering a voluntary redundancy scheme across all operations as it adapts to challenging post-pandemic salesAOT approves King Power’s request to defer payments for 5 airports, interest only at 8.844%
AOT approves King Power’s request to defer payments for 5 airports, interest only at 8.844%
FRIDAY, JUNE 27, 2025
AOT allows King Power to defer payments on duty-free contracts at 5 airports, paying 8.844% interest and placing a 1.45-billion-baht guarantee.King Power's Last Stand: New CEO Battles to Save Duty-Free Empire
King Power's Last Stand: New CEO Battles to Save Duty-Free Empire
MONDAY, JUNE 23, 2025
Former AOT chief takes desperate measures as Thailand's retail giant teeters on brink of collapseKing Power: A Tale of Rise and Ruin
King Power: A Tale of Rise and Ruin
SUNDAY, JUNE 22, 2025
How Thailand's duty-free giant went from political darling to financial pariah in the space of five yearsAOT in Talks with King Power Over Duty-Free Contracts Amidst Revenue Concerns
AOT in Talks with King Power Over Duty-Free Contracts Amidst Revenue Concerns
WEDNESDAY, JUNE 18, 2025
AOT and King Power are negotiating the future of five airport duty-free contracts, with the retailer proposing reduced payments due to unforeseen external factors impacting businessAOT Eyes Overhaul of King Power Duty-Free Deals Amid 'Unfair' Claims
AOT Eyes Overhaul of King Power Duty-Free Deals Amid 'Unfair' Claims
MONDAY, JUNE 16, 2025
Thailand’s airport authority is considering renegotiating or even terminating its three major duty-free contracts with King Power, following an appeal from the retail giant citing adverse global conditionsAOT to review King Power’s request to terminate duty-free deal at 3 airports
AOT to review King Power’s request to terminate duty-free deal at 3 airports
SATURDAY, JUNE 14, 2025
Airports of Thailand PLC (AOT) is preparing to establish a committee to review King Power Duty-Free’s request to terminate its concession contract at three regional airports—Phuket, Chiang Mai, and Hat Yai.