Trump Threatens Bombardier U.S. Sales Ban 
Japanese Yen Nears Seven-Month High as Oil Approaches $100 
Novartis Shares Plunge After Muscle Drug Fails Phase III Trial 
Office design isn’t keeping up with post-COVID work styles - here’s what workers really want 
German Inflation Accelerates to 2.9% in August 
Global Central Banks Brace for More Rate Hikes as Inflation Risks Rise 
Apple Unveils $1,999 Foldable iPhone Duo 
Britain has almost 1 million young people not in work or education – here’s what evidence shows can change that 
Every generation thinks they had it the toughest, but for Gen Z, they’re probably right 
Debate over H-1B visas shines spotlight on US tech worker shortages 
Asian Stocks Slide as Oil Surge Fuels Rate Hike Fears 
Nvidia-Groq AI Chip Deal Faces U.S. Antitrust Probe 
TSMC August Revenue Jumps 53% on AI Chip Demand 
Glastonbury is as popular than ever, but complaints about the lineup reveal its generational challenge 
Heritage, desire and diplomacy: why China still values scotch whisky 
China Inflation Accelerates in August as CPI, PPI Rise 
Kioxia Rules Out SK Hynix Manufacturing Partnership 
Add as a preferred source on Google
Lotte Duty-Free has inked a 10-year concession to operate duty-free shops at Melbourne Airport and will begin operating its 592 square-meter store on June 1.
The project marks the South Korean travel retail giant’s second-largest global airport operation after Singapore’s Changi Airport.
Lotte Duty-Free also plans to increase the Melbourne Airport store’s footprint to 5800 square meters and is eyeing annual sales of $243 million.
The Melbourne Airport store will offer cosmetics, perfumes, alcohol and cigarettes, fashion, and miscellaneous goods.
According to Lotte Duty-Free CEO Kim Ju-nam, the Melbourne Airport store will be a key hub for their global business expansion and market recovery.
In 2018, the business increased its presence in the Australia-New Zealand travel retail sector by purchasing five JR Duty-Free locations there. Since then, it has established stores at Brisbane, Darwin, and Canberra airports. Additionally, it has a store at Wellington Airport in New Zealand.
With store openings all year long, Lotte Duty-Free has been gradually growing its global business, including its downtown locations in Sydney and Danang. The business operates 13 locations in six different countries.
Due to the resumption of cross-border travel, the company reported a 340 percent boost in sales for its international division last year compared to 2021.
The market has seen heated competition with major players such as Dufry, Heinemann, and DFS.
