Market Chatter: DFI Retail Group Eyeing Staff Cuts in Hong Kong

MT Newswires

Aug 20

DFI Retail Group (SGX:D01) plans to cut staff in Hong Kong as the retailer grapples with high costs, The South China Morning Post reported Tuesday.

The operator of Wellcome, Mannings and 7-Eleven plans to embark on a series of actions to simplify operations and meet consumer demand for lower prices, DFI Retail chief executive Scott Price told staff in an email.

It was yet unclear how many roles would be impacted.

DFI Retail in July reported an attributable loss of $38 million for the half ended June 30, against an attributable profit of $95 million a year earlier.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0877626530.USD","symbol_name":"FIDELITY ASIA PACIFIC DIVIDEND \"A\" (USD) INC MONTHLY (G)","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2560147135","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2560147135","pubTimestamp":1755656658,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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