A sign informing customers that the store is closed stands at an entrance to Lane Crawford’s store in Times Square, Causeway Bay, during an anti-government protest at the mall. Photo: Bloomberg

Clock ticking on Hong Kong luxury store closures if protests continue – it could end up like a third-tier city in China, LVMH executive says

  • Hong Kong is the most important market in Asia for luxury brands – as a stepping stone to mainland China and a magnet for shoppers from there and wider region
  • Brands are unlikely to invest more in the city now and could start downsizing as soon as January, an adviser to the luxury retail industry says
Topic |   Hong Kong protests

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A sign informing customers that the store is closed stands at an entrance to Lane Crawford’s store in Times Square, Causeway Bay, during an anti-government protest at the mall. Photo: Bloomberg
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