Shoppers’ Stop, Nuance win concession at Hyderabad Int’l airport
The Hyderabad International airport will now have retail concessions managed by Shoppers’ Stop and Nuance. The two companies won the retail concession at the GMR operated Hyderabad airport. There will be a 7-year contract for 28,450 sq ft of space and the stores will start its operations in March 2008. Revenues are expected to be around $240 million. According to T. Srinagesh, CEO of GMR Hyderabad International Airport Ltd (GHIAL), of the 6 stores three will be in the domestic terminal and three will be located at the international terminal.
