ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Companies

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more