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King Power closes shops, cuts staff
Bangkok Post
|July 23, 2025
Duty-free giant hit by fewer foreign tourists
King Power Corporation is streamlining its business by closing its three downtown branches in Bangkok and Pattaya and launching a voluntary redundancy programme for employees.
The move is an attempt to downsize its business to allow for better operations in the long run, said Nitinai Sirismatthakarn, chief executive of King Power Corporation.
He said the closures of King Power Mahanakhon, King Power Srivaree and King Power Pattaya represent a practical solution that matches the current situation, in which the context has changed.
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