Dubai Duty Free rethinks prices as post-Brexit pound hits sales.

Dubai Duty Free is renegotiating with suppliers after a weaker pound led to lower sales and expects to boost revenue by 5 per cent this year, driven by spending by Chinese travellers. 

The government-controlled company, which operates at Dubai International Airport, the world’s busiest by international traffic, posted a 3 per cent drop in sales to $1.85 billion in 2016. The decline was partly due to the pound’s slump versus the dollar in the second half of the year after Britain voted to leave the European Union in June, the CEO said.