Property News · December 10, 2019

International luxury brands like Tiffany, Burberry are booming in mainland China as they struggle to survive in Hong Kong


International fashion brands are enjoying a boom in mainland China, where a government cut to consumption tax has led to a surge in sales and higher shop rental yields, according to a senior executive at a major retail landlord.Sales of some luxury brands have been growing up to four times faster in China than they have across the rest of the region, said Christina Hau Shun, assistant director and general manager for retail leasing and operations at Wharf China Estates, a wholly owned…

Source : South China Morning Post
Read more…International luxury brands like Tiffany, Burberry are booming in mainland China as they struggle to survive in Hong Kong

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