As Hong Kong’s luxury retailers have been hard hit by pro-democracy protests, a new study says it will permanently change the map of Asian high-end retail.
Catch up on the developing stories making headlines.The study by Bain consultancy released Thursday says that political unrest has cost 2 billion euros in Hong Kong sales this year.
Bain Partner Claudia D’Arpizio says those sales were absorbed by Chinese spending in mainland China, South Korea andBut D’Arpizio said that 1,000 stores owned by luxury brands in Hong Kong are too many for a “market that is no longer a hub for touristic shopping.” The Hong Kong luxury goods sector is expected to suffer permanent decline due to a combination of factors that already were shifting Chinese spending to the mainland.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
China Protests New U.S. Law Supporting Hong Kong but Signals Hope for Trade DealChina is leaving the door open for a trade deal with the U.S., even as it noisily complains about President Trump’s signing of a bill supporting Hong Kong’s anti-Beijing protesters.
Consulte Mais informação »
Hong Kong gears up for weekend protests after rare lull in violenceHong Kong braced for a fresh round of protests over the weekend as police said t...
Consulte Mais informação »
Trump's bill supporting Hong Kong protests could end up hurting everyone — the US, China and Hong KongU.S. President Donald Trump signed into law the Hong Kong Human Rights and Democracy Act of 2019, meant to protect the city's autonomy from China.
Consulte Mais informação »
China warns U.S. over Hong Kong law as thousands stage 'Thanksgiving' rallyChina warned the United States on Thursday that it would take 'firm counter...
Consulte Mais informação »
China accuses US of 'sinister intentions' after Trump signs bills supporting Hong Kong protestersThe ministry emphasized that Hong Kong is part of China through the 'one country, two systems' policy, and that the special administration region's issues are internal affairs.
Consulte Mais informação »
Hong Kong activists call for global support after US lawsChanting “Stand with Hong Kong,” pro-democracy activists have urged the world to follow U.S. footsteps by passing laws backing human rights in the semi-autonomous Chinese territory
Consulte Mais informação »