A staff member stands at the entrance to a near-empty store selling prestigious Rolex watches in Causeway Bay. Photo: Nora Tam

Prestige brands threaten to close Hong Kong stores amid high rents and falling sales

Global luxury goods firms say combination of soaring rental costs and continuing decline in customers from mainland could force them out

A staff member stands at the entrance to a near-empty store selling prestigious Rolex watches in Causeway Bay. Photo: Nora Tam
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