Property News · January 3, 2020

Louis Vuitton paid an estimated HK$5 million in monthly rent at Times Square before its decision to shut its boutique


Louis Vuitton, the century-old French retailer at the top of the LVMH Moet Hennessy conglomerate of luxury brands, was paying an estimated HK$5 million (US$642,000) in monthly rent at its Times Square branch before deciding to close its outlet in the world’s most expensive main street, according to industry consultants.The retailer of luxury bags and clothing, best known for its signature LV monogram, occupies 10,000 square feet (929 square metres) on the second floor of the nine-storey Times…

Source : South China Morning Post
Read more…Louis Vuitton paid an estimated HK million in monthly rent at Times Square before its decision to shut its boutique

You may also like...