An as-yet-unopened Chanel shop on Fashion Walk in Causeway Bay. The hoarding has been up since August, with the shop’s opening delayed because of ongoing anti-government protests. Photo: Antony Dickson
Chanel, Rimowa delay new stores, Prada moving out, sales plummet at Moncler, Gucci – will Hong Kong become city of ‘ghost malls’?
- As the unrest in Hong Kong continues, some luxury brands are preferring to pay high rents for empty spaces instead of opening planned new stores
- Landlords, who for years have been able to charge very high rents, are realising that they will have to compromise to keep their tenants
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Fashion in Hong Kong and China
An as-yet-unopened Chanel shop on Fashion Walk in Causeway Bay. The hoarding has been up since August, with the shop’s opening delayed because of ongoing anti-government protests. Photo: Antony Dickson