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