Property News · March 13, 2018

Hermes pockets US$61.2 million profit from sale of retail shops in Hong Kong


French luxury goods maker Hermes has made a profit of HK$480 million (US$61.2 million) from the sale of its flagship stores in Hong Kong’s Central district, after recently relocating to a leased building nearby in the face of sluggish sales.
It sold four shops, Nos 6 to 9, on the ground floor of The Galleria at 9 Queen’s Road for HK$670 million to a group of companies under the name of Infinite Gain, according to Land Registry data. Infinite Gain is wholly owned by real estate fund…

Source : South China Morning Post
Read more…Hermes pockets US.2 million profit from sale of retail shops in Hong Kong

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