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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Vincenzo La Torre

Vincenzo La Torre

Italian-born Vincenzo La Torre started his career in fashion journalism after graduating from Columbia University in New York. He has previously worked for Vogue Japan, Harper's Bazaar Singapore and Prestige Hong Kong. Before joining the Post as fashion editor in 2017, Vincenzo was a member of the launch team of Vogue Arabia in Dubai.