TheMoodieReport.com

TheMoodieReport.com: "�A comprehensive field of high quality operators� - Sydney Airport duty free RFP draws near; new jewellery retailers to be appointed � 03/02/06
Source: �The Moodie Report
By Martin Moodie
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AUSTRALIA. Sydney Airport has reached new agreements with replacement retailers for its jewellery business after long-time concessionaire Angus & Coote closed its four outlets on 31 January.

General Manager Retail & Commercial Development Bob McFadyen told The Moodie Report an announcement on the new players was imminent.

The Australian jewellery retailer Angus & Coote also withdrew from its Melbourne Airport operations last year, blaming a loss-making airport division on a sharp downturn in spending and lower Japanese visitor levels.

McFadyen said the airport company was also very close to releasing the Request for Proposals (RFP) for its high profile A$220 million duty free contract, currently held by The Nuance Group. Sydney Airport called for expressions of interest last August.

�We have a comprehensive field of high quality operators,� he enthused, �the majority of who have already visited and inspected the existing premises.�

The RFP will close mid-April 2006. �We are targeting an announcement early July 2006,� McFadyen told The Moodie Report.

The contract has been held by The Nuance Group since it acquired Downtown Duty Free in the mid 1990s and expires 31 October 2006. The new contract begins the following day. "