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Hurt by protests, Hong Kong duty-free group slashes Singapore jobs

DFS also lays off staff in Hawaii as earnings take a hit

DFS Group operates duty-free stores in and outside airports, mainly in Asian markets like Hong Kong and Singapore.

SINGAPORE -- Hong Kong-based duty-free operator DFS Group is laying off hundreds of workers in Singapore and Hawaii, as protracted protests at its home base and the U.S.-China trade war eat into earnings.

The group, a unit of luxury goods conglomerate LVMH, notified employees who were losing their jobs in Singapore late last month. It made a public announcement on Wednesday.

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