Finance
WH Smith has widened its franchise partnership with King Power Group (Hong Kong) to Singapore.
Until now, the franchise partnership deal struck last year covered Hong Kong only.
The new partnership aims to grow WH Smith’s presence in Singapore and explore opportunities in rail and metro stations, ferry terminals and commercial centres. It excludes airport locations which WH Smith will continue to run directly.
“We believe in the strength of the WH Smith brand and its business expertise as a leading international news, books and convenience operator,” said King Power MD for travel retail and duty free, Sunil Tuli.
“The King Power Group has more than 25 years’ travel retail business presence in Asia, and we are well placed to develop the WH Smith business in Singapore.”
“We are pleased to have extended our partnership with King Power Group,” said WH Smith MD international, Phil McNally. “We continue to be ambitious about expanding the WH Smith brand in Asia and, today, we are active and strongly growing in six countries in the region – in Singapore, Malaysia, Indonesia, the Philippines, India and China.”
