Posted on: Thursday, July 10, 2003

BUSINESS BRIEFS
State extends DFS rent talks

Advertiser Staff

Duty-free retailer DFS Hawai'i and the state attorney general's office for a second time have extended negotiations over overdue rent and new terms for the company to continue operating about 40 stores at Hawai'i airports and in Waikiki.

Talks began in April to restructure or terminate the contract after DFS agreed to pay the state $25 million, about half the outstanding rent. The initial 60-day discussion period terminating last month was extended by 30 days through today.

The new deadline to reach a settlement is Aug. 9.