Dutch Philips looks east over Brexit concerns

Dutch electronics giant Philips said Monday it will increasingly rely on emerging markets as a buffer against the possible negative effects of Brexit, warning of a revenue drop and possible job losses in Britain. "I don't think we've seen a big impact yet (from Brexit)," said the Amsterdam-based group's chief executive Frans van Houten. "But I am certainly concerned about the situation," Van Houten told AFP by telephone.

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