DFS to quit liquor, tobacco business at Changi Airport

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The company may also offer to deploy these employees at DFS's luxury concessions at Changi Airport, its downtown operations at T Galleria by DFS, Singapore, or the Singapore Cruise Centre business - all of which will operate as usual and are unaffected by DFS's withdrawal from the liquor and tobacco concession. DFS's airport luxury business consists of two watch stores at Terminal 2 retailing brands like Tag Heuer and Seiko.

In a surprising turn of events, DFS had declined to bid in Changi Airport Group's (CAG) tender exercise for the new liquor and tobacco concession, amid tighter regulations and geopolitical uncertainty. The tender closed on Monday.