Tycoon Dickson Poon is suing the Kowloon Hotel for damages and losses of more than $40 million over a 'flagship' Tommy Hilfiger store in its basement.
In a writ filed in the High Court, Mr Poon alleges misrepresentation, negligence and breaches of a tenancy agreement which led to the Tsim Sha Tsui store opening more than three months late and losing millions of dollars.
Mr Poon, chairman of the Dickson Group of companies and an investor in Tommy Hilfiger, struck a deal for monthly rental space costing more than $1 million, the writ says.
He also laid down a $3.5 million deposit in anticipation of renovation work.
An avoidable delay in starting decoration work at the store led to losses and damages of more than $15 million, Mr Poon claims.
Further loss and damage of about $25 million for the decoration work itself is also claimed.
