Lotte Duty Free extends lease at BNE
Friday 10 December 2021: A leading industry innovator in travel retail, Lotte Duty Free, has extended its lease at Brisbane Airport’s International Terminal for an additional two years.
Martin Ryan, Executive General Manager Commercial, Brisbane Airport Corporation (BAC), said the lease extension reflects the strong partnership between BAC and Lotte Duty Free.
“In the short time we have been partners, we have been extremely impressed with the way in which Lotte Duty Free continually innovates and adapts, particularly in the face of the COVID-19 pandemic.
“Lotte has been significantly impacted due to border closures and loss of passengers, but their positive approach and optimism has remained a constant throughout this difficult period.
“I would like to congratulate Lotte Duty Free CEO, Mr Kap Lee, and Lotte Duty Free CEO Oceania, Mr Stephen Timms, for their ongoing partnership and renewed commitment to doing business in Australia with Brisbane Airport as its flagship Duty Free store.
“After all we have endured in the past 24 months, the future is undeniably bright and we look forward with shared confidence as Australia’s borders reopen,” Mr Ryan said.
Stephen Timms said the Lotte team is excited the extend the partnership with Brisbane Airport for a further two years.
“We thank the team at BAC for their partnership. The true value of partnership is learnt in times of difficulty, and we are very fortunate to have forged a close relationship with BAC through the challenges of COVID-19.
“We look forward to a bright future together, with our shared values of fairness and always putting the traveller at the front of everything we do,” said Mr Timms.
About Lotte Duty Free, Brisbane Airport:
Lotte Duty Free Brisbane Airport is Australia’s flagship store, spanning 2,795 square metres across Arrivals and Departures. Lotte have remained open and have been one of the only duty free retailers servicing flights during the last 18 months.
The flagship store features a specialised whiskey bar that is the first of its kind in a duty free store in Australia, with Lotte continuing to invest in upgrading the store including a new La Prairie outlet.
Lotte Duty Free Brisbane Airport features more than 600 local and luxury international brands in beauty, fragrances, liquor, wine, technology, watches, confectionery, and so much more.