New Guam Airport Vendor Looks To Hire Locals

admin's picture

Lotte Duty Free seeks applicants for all staff levels

By Mark-Alexander Pieper

HAGÅTÑA, Guam (Pacific Daily News, June 19, 2013) – Lotte Duty Free plans to staff its duty-free concession at the Guam International Airport with almost 200 local hires, Lotte representatives confirmed yesterday.

The Asian retail giant will hold a job fair from 10 a.m. to 5 p.m. Friday at the Hilton Guam Resort & Spa.

Gerry Perez, Lotte's transition director, said the company is looking for applicants for managerial, supervisory and support staff positions.

Tony Sgro, a Guam consultant for Lotte, said of the 200 hires needed to staff the operation, only three or four will be brought in by Lotte corporate from off island.

While all 200 employees won't be hired immediately, the company intends to complete the majority of the hiring within five months of taking over the concession space.

Former concession holder DFS Group has until July 21 to leave the airport, which means Lotte's hiring could be complete by late December.

The South Korea-based Lotte signed a contract with the Guam International Airport Authority on May 18 to take over the 60,000 square feet of floor space, with exclusive rights to sell luxury goods, jewelry, perfume, cosmetics, cigarettes, liquor and other items.

The company will pay the airport a minimum rent of $15.4 million a year over five years, or a total of $77 million. It also will renovate some areas of the airport, including the food court and restrooms.

The company is expected to start moving in after July 21, barring any court injunctions. DFS, which competed for the new concession contract, filed suit in the Superior Court of Guam, challenging Lotte's selection.

The company is asking the court to prevent the airport agency from continuing the contract with Lotte.

Hong Kong-based DFS has been paying $10 million less than what Lotte Duty Free offered as a minimum annual rent guarantee, the airport has stated.

DFS has said it offered to pay the airport $16 million a year in its bid for the new contract.

Rate this article: 
No votes yet

Add new comment