The shuttered Fendi shop, above, and closed Louis Vuitton store, bottom, in Times Square. Photo: May Tse The shuttered Fendi shop, above, and closed Louis Vuitton store, bottom, in Times Square. Photo: May Tse
The shuttered Fendi shop, above, and closed Louis Vuitton store, bottom, in Times Square. Photo: May Tse

Hong Kong owner of Times Square projects cloudy outlook as pandemic lingers, Louis Vuitton and luxury retailers desert malls

  • Company says underlying full-year net profit for 2020 decreased by 23.6 per cent to HK$7.48 billion
  • Group is not alone in dealing with decline in retail and hotels market, ‘but rather it is a problem that the city is facing’, chairman says

Topic |   Hong Kong property
The shuttered Fendi shop, above, and closed Louis Vuitton store, bottom, in Times Square. Photo: May Tse The shuttered Fendi shop, above, and closed Louis Vuitton store, bottom, in Times Square. Photo: May Tse
The shuttered Fendi shop, above, and closed Louis Vuitton store, bottom, in Times Square. Photo: May Tse
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