France’s Lagardère Travel Retail has wrapped up a significant deal in Cambodia where, for the first time in Asia-Pacific, the company will operate its three core business lines—duty-free and fashion, food service, and travel essentials—using a profit-sharing model.
Lagardère Travel Retail, part of media giant Lagardère Group, and a local partner HSC Group, the operator of Burger King and Paris Baguette franchises in Cambodia (among others), have signed a 12-year contract with Cambodia Airport Investment Company (CAIC) to manage the retail and dining operations at the Techo International Airport, around 15 miles south of Phnom Penh, the capital city.
Techo is a 2,600-hectare greenfield site, whose main terminal infrastructure is being designed by British architects Foster + Partners. It is scheduled to open in 2025 and will eventually replace the existing Phnom Penh International Airport which processed almost four million passengers in 2023 according to its operator France’s Vinci Airports.
