The Hang Lung Plaza in Shanghai. Photo: Xinhua

Global luxury brands slow store expansion on mainland China

Luxury brands hold back from expansion on the mainland as anti-corruption drive shrinks sales, affecting the rentals of mall operators

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The Hang Lung Plaza in Shanghai. Photo: Xinhua
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Peggy Sito

Peggy Sito

Peggy Sito is the deputy business editor at the Post. She was previously editor on the property desk and has won various news awards from the Hong Kong Consumer Council, the Newspaper Society of Hong Kong and the Society of Publishers in Asia.