DFS to quit liquor, tobacco business at Changi Airport

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

DFS to quit liquor, tobacco business at ChangiAirport

The DFS flagship store at Terminal 3. DFS Group will be exiting the operations in June 2020 at Changi Airport after 40 years, to make way for a new operator.AFTER 40 years, DFS Group is bowing out of the duty-free liquor and tobacco business at Changi Airport.

In a surprising turn of events, DFS had declined to bid in Changi Airport Group's tender exercise for the new liquor and tobacco concession, amid tighter regulations and geopolitical uncertainty. The tender closed on Monday. "We are disappointed that DFS has opted not to participate in this tender, but we will work closely with them to ensure a smooth transition to the new operator," Mr Teo said.

"Although this decision is the right one for our business, it was not taken lightly," Mr Brennan said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 15. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines