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Hawaii rent veto signals trouble for DFSHawaii rent veto signals trouble for DFS
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.
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By Dermot Davitt
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
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(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.
(28-Jun-2002) - DFS Group and other Honolulu airport retailers face 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
(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.
(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
(12-Jul-2003) - The Hawaii State Department of Transportation has agreed to extend the deadline for rent relief discussions with DFS Group from July 10 to August 9.