Lush’s five-year lease for the store, which covered about 7,000 sq ft, was expiring at the end of August. Photo: Pearl Liu
Lush, known for its handmade soaps and shampoos, shuts five-storey shop in further blow to Hong Kong retail property sector
- British company posted an operating loss of US$4.99 million for 2018-2019, and founder Mark Constantine has warned of a further decline because of the pandemic
- Companies do not need more than three stores to serve ‘just locals’, analyst says
Topic |
Retail properties
Lush’s five-year lease for the store, which covered about 7,000 sq ft, was expiring at the end of August. Photo: Pearl Liu