Alpha Airports has won catering and retail contracts worth £150m at two UK airports.
The company has signed a seven-year catering and retail contract at East Midlands Airport, valued at £130m over the term.
The airport is undergoing an £8m refurbishment and Alpha has committed to spending £2m in developing and refitting existing units to include an extended duty free, a new newsagent, a bookshop and a refitted food hall.
Changes to the 11,500sq ft area are expected to be complete by April this year.
Alpha has also secured a seven-year contract to operate the duty free and newsagents at Bournemouth Airport. This is expected to generate £20m in additional sales over the term.
As part of the deal, Alpha is investing £400,000 over the term of the contract and will, in 2010, be developing a new store within the terminal.
Peter Williams, chief executive Alpha Airports, said: "The UK air traveller wants efficiency and quality and our investment in developing new concept stores will deliver them the best possible retail environment."
By Chris Druce
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