Clock ticking on Hong Kong luxury store closures if protests continue – it could end up like a third-tier city in China, LVMH executive says — Vincenzo La Torre

Summary:
Hong Kong is the most important market in Asia for luxury brands – as a stepping stone to mainland China and a magnet for shoppers from there and wider region Brands are unlikely to invest more in the city now, and could start downsizing as soon as January, an adviser to the luxury retail industry says South China Morning PostClock ticking on Hong Kong luxury store closures if protests continue – it could end up like a third-tier city in China, LVMH executive says Vincenzo La Torre See alsoBackgrounderGlobal ResearchThe History of Hong Kong, Britain’s Colonial Legacy. Fast Forward to 2019 Larry Romanoff

Topics:
Mike Norman considers the following as important: Hong Kong

This could be interesting, too:

Mike Norman writes Zero Hedge — Hong Kong Embraces Helicopter Money – Govt Gives Every Adult Citizen HK,000

Mike Norman writes Can Hong Kong Avoid Tragedy? Andrew Sheng and Xiao Geng

Mike Norman writes A Different View From Hong Kong — Rod Dreher

Mike Norman writes An alternative view of HK protests — George Koo