Luxury retailers are seeing booming sales in mainland as anti-government protests hurt tourist traffic in Hong Kong. Photo: K. Y. Cheng

International luxury brands like Tiffany, Burberry are booming in mainland China as they struggle to survive in Hong Kong

  • A government cut to VAT has led to a surge in sales and higher shop rental yields in mainland China, according to a senior industry executive
  • Hong Kong’s economy is littered with reports of shop vandalism and closures as luxury brands have seen their sales tank amid protests
Topic |   Hong Kong property

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Luxury retailers are seeing booming sales in mainland as anti-government protests hurt tourist traffic in Hong Kong. Photo: K. Y. Cheng
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