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James Richardson won the tender to operate the duty free shops at Ben Gurion Airport for seven years.
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Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
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/ By Ilanit Hayut /
James Richardson Ltd. today won the Israel Airports Authority tender for the operation of duty-free shops at Ben Gurion Airport. Sources inform ”Globes” that the company won the tender with a bid of $160 million a year (NIS 576 million), amounting to NIS 4 billion ($1.1 billion) over the seven-year franchise period.
The money will be paid as rent for the shops at the airport, and reflect the especially high proceeds by duty-free shops.
Published by www.globes-online.com
