Asia's duty-free shops battered as coronavirus freezes air travel

Chinese state-owned CITS suffers heavy loss while DFS undergoes restructuring

KENJI KAWASE, Nikkei Asian Review chief business news correspondent

TOKYO -- Duty-free shops are taking a beating as travel restrictions to contain the coronavirus leave airplanes grounded and airports closed, a sharp turnaround for what was a growing and lucrative industry before the pandemic.

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