Watch this space Peace Mark Holdings has opened the first Rolex store in Hong Kong. The 2,000sqft outlet will stock the complete range of Rolex watches, including the GMT-Master II and the Cellini Prince. Shop G01-02, Silvercord, 30 Canton Road, Tsim Sha Tsui, Kowloon, tel: 2317 2168 Step on it Italian clothing brand Gas has opened a two-level store, stocking its new women and men's ready-to-wear line. Gas, No2-4 Kingston Street, Fashion Walk, Causeway Bay, tel: 2890 9899 Hilfiger it out Local company Li & Fung will acquire Tommy Hilfiger's Hong Kong-based global sourcing operations for US$247.8 million, according to WWD. Hilfiger's buying offices in Hong Kong, Taiwan, India, Bangladesh and Sri Lanka are expected to close by March 28 and be integrated into the Li & Fung organisation. New target After successful collaborations with Patrick Robinson and Proenza Schouler, US retail chain Target is reported to have signed Libertine for this autumn. Libertine, a favourite among many celebrities (including Karl Lagerfeld), is known for its signature silk-screened clothing. Picture perfect Lane Crawford will celebrate the launch of the spring/summer 2007 season with a photographic exhibition called Fashion Behind the Scenes. It will feature photos by Thomas Zanon-Larcher of the behind-the-scenes action at shows by the likes of Yves Saint Laurent, Givenchy, Lanvin, Chloe and Stella McCartney. From February 28 until March 31 at Lane Crawford, IFC Mall, Central, tel: 2118 3388 Foot note Travellers take note: Adidas has opened a 1,200-sqft store (below) at the Hong Kong International Airport, offering goods such as football, basketball, running or tennis gear. T/S Shop 5P036 Level 5, Sky Plaza, Hong Kong International Airport, Chek Lap Kok, Lantau, NT, tel: 2312 7828 Solo run Whereas the average model will strut their stuff at 100 shows during Fashion Week, Gisele Bundchen is doing only one for Milan Fashion Week. Bundchen will take to the catwalk for Italian designers Dolce & Gabbana, with whom she has a fragrance called the One. It was launched last autumn in Europe and will make its debut in Hong Kong later this year. Star attraction Marc Jacobs has announced that 12-year-old Charlotte Web's actress Dakota Fanning will feature in his spring/summer 2007 advertising campaign, which was shot by photographer Juergen Teller in Los Angeles. The images will be released in Hong Kong next month.