King Power closes shops, cuts staff

King Power closes shops, cuts staff

King Power is streamlining its business by closing its three downtown branches in Bangkok and Pattaya and launching a voluntary redundancy programme for employees.

King Power to shut three downtown locations

Thailand’s biggest duty-free operator says the closures are due to prohibitively high operating costs The post King Power to shut three downtown locations appeared first on DFNI.

King Power Duty Free to shut three downtown stores in Thailand

THAILAND. Embattled King Power is to shut three downtown duty-free stores – Srivaree and Mahanakhon in Bangkok and its Pattaya operation – on a phased basis from September, The Moodie Davitt Report can confirm. The story was broken by leading Thai media titles The Nation and Bangkok Post. Chief Executive Officer Nitinai Sirismatthakarn told The Nation that the closures are driven by prohibitively high operating costs. The travel retailer will ma…

Duty-Free Giant King Power Closes Shops in Bangkok and Pattaya

File photo for reference only. Courtesy of Wikipedia King Power is closing three downtown shops in Bangkok and Pattaya, cutting costs as group tour revenues dwindle. The voluntary redundancy scheme aims to right-size operations for a smoother future, says CEO Nitinai Sirismatthakarn. Affected are...