Riot police in front of a Gucci store in Hong Kong’s Causeway Bay district during a recent protest. The number of mainland tourists, the biggest category of visitors to the city annually, has fallen amid the unrest which is now in its fifth month. Photo: Bloomberg

Luxury retailers Hermes, Kering and Moncler report resilient revenues despite Hong Kong protests, as Chinese consumers increase spending at home

  • Luxury brands report gains in mainland China even as Hong Kong sales drop
  • Moncler is negotiating for potential rent reductions and is looking to postpone or reduce expenses in Hong Kong
Topic |   Gucci

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Riot police in front of a Gucci store in Hong Kong’s Causeway Bay district during a recent protest. The number of mainland tourists, the biggest category of visitors to the city annually, has fallen amid the unrest which is now in its fifth month. Photo: Bloomberg
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