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Lotte Duty Free plans first international store in Indonesia

RBR Staff Writer Published 04 July 2011

Lotte Duty Free, the South Korean duty free stores chain, plans to open its first international outlet in Indonesia's Soekarno-Hatta International Airport during the second half of 2011. The move is part of the travel retailer's long-term overseas presence expansion strategy.

The retailer is reported to have signed a distribution deal with the Jakarta-located airport to introduce a 900 sq m duty-free shop within the airport's premises. The outlet is expected to offer liquor, perfumes, cosmetics, tobacco and other brand boutique products.

Lotte Duty Free plans to open similar stores in several other Asian markets. The idea is to increase international sales to 40% of its total sales by 2018. Currently, the travel retailer operates 10 duty-free locations in South Korea which offer luxury brands such as Louis Vuitton, Prada, Chanel, Gucci, and Ferragamo.