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Dubai Duty Free cuts prices as post-Brexit pound hits sales

Airport retailer expects to boost revenue by 5% this year, driven by spending by Chinese travellers

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Published Mon, Jan 23, 2017 · 09:50 PM

    Dubai

    DUBAI Duty Free cut prices after a weaker pound led to lower airport sales and expects to boost revenue by 5 per cent this year, driven by spending by Chinese travellers.

    "We have been negotiating with our suppliers, a lot of whom we pay in dollars," the airport retailer's chief executive officer Colm McLoughlin said in an interview on Sunday. "They cooperated very well with us and we've been able to correct this business of being perceived as expensive."

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