Hong Kong’s Russell Street, the world’s most expensive retail strip, is slipping fast from its perch, with rents falling by more than 50 per cent from their peak in 2013.In the latest sign that the city’s retailers are struggling to cope with the consequences of the more than five months long anti-government protests, cosmetics chain Bonjour Holdings has closed its outlet in the popular tourist district of Causeway Bay. In August, Italian fashion house Prada said it was closing its 15,000…
Source : South China Morning Post
Read more…Bonjour says au revoir, the second major retailer to leave world’s costliest high street amid protests
