ARI and Aura Cantik Announce Joint Venture to Operate P&C and Fashion & Accessories at Terminal 3 Ultra, Jakarta
ARI International and local Indonesian partner Aura Cantik have completed a joint venture transaction to operate the P&C and Fashion categories in the Jakarta Duty Free store in Soekarno-Hatta International Airport. With passenger numbers expected to hit 7m per year once the transfer from the old terminal is complete. The contract will run for 5 years.
The shopping area is a spectacular transformation from retailing in the old Terminal 2, combining strong design features and new and exciting fashion brands. The main store initially opened in May 2017 with the total concession area covering 1,430sqm and includes stand alone fashion stores for Coach, Bally, Tumi, Mont Blanc, Hugo Boss, Longchamp, Michael Kors, Aigner and Victoria’s Secret.
Anthony Kenny, Acting CEO of ARI commented “We are delighted to partner with Aura Cantik to operate our first store in Indonesia. Sales since we opened have been very promising and this augurs well for the future.”
Prem Bulchand Bhojwani, President Director of the Aura Group of Companies added “I am pleased we are partnering with ARI on the P&C and luxury fashion shops for Terminal 3. Our strength locally, with ARI’s international experience, puts our new business in a strong position to deliver a great customer experience and retail operation.”