DUTY FREE Philippines Corp. (DFPC) is set to open next month two new stores, including one featuring luxury designer brands at the SM Mall of Asia (MOA) complex.
In a statement on Monday, DFPC Chief Operating Officer Vico A. Angala said the Duty Free Philippines Luxe store will offer a wide selection of imported brands ranging from luxury labels such as Bally and Ferragamo to mid-range brands like Coach and Michael Kors.
The 4,200-square meter store will be located within the SM Mall of Asia complex.
“This new upscale shopping environment will set a standard for the affluent market especially in Southeast Asian countries,” Mr. Angala said.
DFPC is the government agency that has the exclusive franchise to operate duty and tax-free shops in the country.
The company will also open the NAIA Terminal 3 Landside Store, located at the arrival lobby of the airport. Arriving passengers can purchase chocolates, perfume, liquor, tobacco and other items at prices lower than the prevailing market price in Metro Manila.
“Despite the increasing market of other retailers and online shopping, DFPC maintains to augment market revenues, expand its reach to consumers to support the Philippine economic growth,” Mr. Angala said. — Denise A. Valdez
