Italian luxury brand Giorgio Armani’s outlet at a shopping complex in Beijing. Big retailers with stores in Hong Kong are realising that China’s luxury market, the world’s most vibrant, can be directly tapped, but this isn’t necessarily a bad thing for Hong Kong. Photo: Reuters Italian luxury brand Giorgio Armani’s outlet at a shopping complex in Beijing. Big retailers with stores in Hong Kong are realising that China’s luxury market, the world’s most vibrant, can be directly tapped, but this isn’t necessarily a bad thing for Hong Kong. Photo: Reuters
Italian luxury brand Giorgio Armani’s outlet at a shopping complex in Beijing. Big retailers with stores in Hong Kong are realising that China’s luxury market, the world’s most vibrant, can be directly tapped, but this isn’t necessarily a bad thing for Hong Kong. Photo: Reuters
SCMP Editorial
Opinion

Opinion

Editorial by SCMP Editorial

Changing market for luxury brands can be an opportunity for Hong Kong

  • The realisation by luxury brands that the mainland Chinese market can now be easily tapped would seem like an unrecoverable loss for Hong Kong. But brands can now target long-ignored local customers and the city can encourage local designers so that Hong Kong can become a true trendsetter

Italian luxury brand Giorgio Armani’s outlet at a shopping complex in Beijing. Big retailers with stores in Hong Kong are realising that China’s luxury market, the world’s most vibrant, can be directly tapped, but this isn’t necessarily a bad thing for Hong Kong. Photo: Reuters Italian luxury brand Giorgio Armani’s outlet at a shopping complex in Beijing. Big retailers with stores in Hong Kong are realising that China’s luxury market, the world’s most vibrant, can be directly tapped, but this isn’t necessarily a bad thing for Hong Kong. Photo: Reuters
Italian luxury brand Giorgio Armani’s outlet at a shopping complex in Beijing. Big retailers with stores in Hong Kong are realising that China’s luxury market, the world’s most vibrant, can be directly tapped, but this isn’t necessarily a bad thing for Hong Kong. Photo: Reuters
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SCMP Editorial

SCMP Editorial

Editorials represent the views of the South China Morning Post on the issues of the day.