British luxury fashion house Burberry will shut its flagship store on Hong Kong’s Russell Street, once the world’s most expensive shopping strip, after a 10-year lease expires early next year, according to sources.The iconic brand, known for its trademark check pattern, has maintained a presence in the Causeway Bay shopping district since 2012, occupying 5,200 square feet of space across two levels at Soundwill Plaza. It initially paid HK$7.7 million (US$988,000) per month, which was later…
Source : South China Morning Post
Read more…Burberry joins Prada, La Perla in exiting Hong Kong’s Russell Street, once the world’s most expensive retail rental strip
