Property News · September 25, 2019

Embattled fashion retailer Forever 21 closes 19,200 sq ft store – its last – in Hong Kong as protests take a toll on sales


Struggling Californian fast-fashion retailer Forever 21 has shut its last shop in Hong Kong, officially pulling out of the city as months of civil unrest take a toll on high-street retailers.Protests which have frequently turned violent in some of the city’s major shopping areas are likely to have been the final straw, forcing the clothes chain to close down its prime three-storey site in the bustling Mong Kok district. The company had reportedly filed for bankruptcy in August.“Forever 21 has…

Source : South China Morning Post
Read more…Embattled fashion retailer Forever 21 closes 19,200 sq ft store – its last – in Hong Kong as protests take a toll on sales