Aiyawatt 'Top' Srivaddhanaprabha (King Power CEO)
Aiyawatt 'Top' Srivaddhanaprabha is the current CEO of King Power Group and chairman of Leicester City Football Club. Second-generation scion of the Srivaddhanaprabha family that controls Thailand's airport duty-free monopoly through King Power's AOT (Airports of Thailand) concession holdings at Suvarnabhumi, Don Mueang, Phuket, and U-Tapao airports. Took over operational leadership following founder Vichai Srivaddhanaprabha's death in 2018. Continues family ownership of Leicester City FC.
Profile overview
Aiyawatt 'Top' Srivaddhanaprabha is the current CEO of King Power Group and chairman of Leicester City Football Club. Second-generation scion of the Srivaddhanaprabha family that controls Thailand's airport duty-free monopoly through King Power's AOT (Airports of Thailand) concession holdings at Suvarnabhumi, Don Mueang, Phuket, and U-Tapao airports. Took over operational leadership following founder Vichai Srivaddhanaprabha's death in 2018. Continues family ownership of Leicester City FC.
Leadership portfolio
King Power CEO
Group CEO of King Power
Group CEO responsible for King Power's airport duty-free concessions (Suvarnabhumi, Don Mueang, Phuket, Chiang Mai, U-Tapao), downtown duty-free stores, and property assets. Took over from founder Vichai following his death in October 2018.
Leicester City
Chairman, Leicester City FC
Chairman of Leicester City Football Club following the family's 2010 acquisition for approximately GBP 39M. The club won the 2015-16 Premier League title under Aiyawatt's stewardship and remains a high-profile international brand asset.
Family office
Srivaddhanaprabha family investments
Oversees Srivaddhanaprabha family investment portfolio beyond King Power, including property holdings and minority stakes in Thai financial and hospitality assets. Family ranked among Thailand's top-5 wealthiest families by Forbes.
King Power Group — Aiyawatt leadership KPIs
Airport duty-free concessions held
King Power downtown stores
Value
4 Bangkok locations
Period
2024
Note
Rangnam flagship anchors portfolio
Leicester City valuation (est.)
Value
GBP 500M-plus
Period
2024
Note
Post-Premier League relegation adjustment
Tourism-linked revenue recovery
Value
~90% of 2019 peak
Period
FY2024 estimate
Note
Linked to international arrivals
| Metric | Value | Period | Note |
|---|---|---|---|
| Airport duty-free concessions held | 5 airports | Ongoing | AOT-concession dependent |
| King Power downtown stores | 4 Bangkok locations | 2024 | Rangnam flagship anchors portfolio |
| Leicester City valuation (est.) | GBP 500M-plus | 2024 | Post-Premier League relegation adjustment |
| Tourism-linked revenue recovery | ~90% of 2019 peak | FY2024 estimate | Linked to international arrivals |
Watchpoints 2025–2026
AOT renewal
Duty-free concession renegotiation
King Power's AOT concession renewal is Aiyawatt's most critical strategic priority. Concession-fee escalation and potential competitive tendering are the primary risks to King Power's structural earnings base.
Leicester City
Championship promotion push
Leicester City was relegated from the Premier League in 2023. A sustained Championship run and Premier League return under Aiyawatt's stewardship would restore the club's international marketing and commercial-revenue trajectory.
Diversification
Beyond duty-free growth strategy
King Power Group's near-total dependence on airport duty-free creates concentration risk. Aiyawatt's strategy for diversifying into hospitality, retail, and fintech adjacencies will determine long-term group resilience.
Related Market profiles
Peers, parents, partners, agencies, and other Duty Free Conglomerate actors.
Competitor
Vichai Srivaddhanaprabha (King Power founder)
Late founder of King Power Group, Thailand's duty-free monopoly; family controls Leicester City FC.
Open Market profile →
Competitor
King Power International
Thailand's dominant duty-free and airport-retail concession group.
Open Market profile →
Competitor
King Power Group
Srivaddhanaprabha family-controlled duty-free and travel-retail group.
Open Market profile →
Reports featuring this profile
Related Market profiles
competitor
Vichai Srivaddhanaprabha (King Power founder)
Late founder of King Power Group, Thailand's duty-free monopoly; family controls Leicester City FC.
competitor
King Power International
Thailand's dominant duty-free and airport-retail concession group.
competitor
King Power Group
Srivaddhanaprabha family-controlled duty-free and travel-retail group.