After five years as The Centrepoint's anchor tenant, department store Metro will close its flagship store at the mall next month.
This comes after several other tenants also announced plans to move out, including Times Bookstores and TianPo Jewellery.
Sporting goods giant Decathlon will replace Metro as The Centrepoint's new anchor tenant, and is slated to open in the first half of next year.
related: DFS stores in Changi Airport to close in June 2020
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DFS to leave Changi Airport in 2020 after close to 40 years of selling liquor and tobacco
DFS outlet selling wines & spirits @ Singapore Changi Airport Terminal 4 (Image by TY Lim/Shutterstock.com)
Changi Airport’s oldest and biggest tenant is withdrawing from its liquor and tobacco concession on June 2020, when its lease expires.
DFS Group has been selling liquor and tobacco at Singapore’s airport for 38 years now but the company has decided not to compete for a new concession, letting its lease expire. The closing date of which was Monday 26 August – which was extended from 6 August to allow retailers time to present ‘robust and compelling proposals’. This leaves the space open for new operators.
TRBusiness quoted a statement by DFS Group in which the Chairman and Chief Executive Officer Ed Brennan said that the decision to not participate in the bid was based on the company’s unique understanding of the business environment at Changi.
related: Metro Department Store @ Centrepoint to close doors permanently next month
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