WH Smith expands King Power partnership into Singapore
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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.”
Questions & Answers
Q.What is the new scope of WH Smith's partnership with King Power Group?
What is the new scope of WH Smith's partnership with King Power Group?
The expanded partnership now includes Singapore, in addition to the original agreement which covered Hong Kong. This aims to grow WH Smith's presence in Singapore across various travel and commercial locations.
Q.Which types of locations will the new partnership focus on in Singapore?
Which types of locations will the new partnership focus on in Singapore?
The partnership aims to explore opportunities in Singapore's rail and metro stations, ferry terminals, and commercial centres. Airport locations are excluded, as WH Smith will continue to manage those directly.
Q.What is King Power Group's relevant experience for this partnership?
What is King Power Group's relevant experience for this partnership?
King Power Group has over 25 years of experience in the travel retail business across Asia. This extensive regional presence is expected to aid the development of WH Smith's business in Singapore.
Q.In how many Asian countries is WH Smith currently active?
In how many Asian countries is WH Smith currently active?
WH Smith is currently active and growing strongly in six countries within the Asia region. These countries are Singapore, Malaysia, Indonesia, the Philippines, India, and China, demonstrating its regional expansion.
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