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Hawaii governor’s veto of relief bill deals blow to DFS Hawaii governor’s veto of relief bill deals blow to DFS
28-Jun-2003
HAWAII. Governor Linda Lingle has followed the example of her predecessor by vetoing a bill that would offer beleaguered airport retailers rent relief during hard times.
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?HAWAII. Governor Linda Lingle has followed the example of her predecessor by vetoing a bill that would offer beleaguered airport retailers rent relief during hard times. The move comes as........
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(15-Mar-2003) - DFS Hawaii may have to close down its concessions on the island after governor Linda Lingle rejected an offer from the company to partially pay back some of its $40m debt in return for renewing rent relief discussions
(14-Feb-2003) - By editor-in-chief Dermot Davitt
(3-Jul-2002) - The decision last week by Hawaii governor Ben Cayetano to veto legislation that would extend rent relief to airport operators comes as a severe blow to DFS Group and other troubled Hawaii concessionaires.
(11-Mar-2003) - An announcement last week by DFS Group that it has repaid more than $100m to majority shareholder Moet Hennessy-Louis Vuitton (LVMH) in the last year may have put the proposed Hawaii rent relief bill in jeopardy
(3-Jul-2002) - US. DFS Group and other Honolulu airport retailers are facing a struggle to meet their guarantee payments after the governor of Hawaii vetoed a proposal to extend rent relief for their duty-free and duty-paid concessions. Emergency legislation after September 11 provided over $26m in relief for airport concessionaires, but this expired on April 30.