Property News · January 3, 2020

Louis Vuitton plans to close Hong Kong luxury store hit by protests; shopping mall apparently refused a rent cut


Louis Vuitton, the world’s top luxury brand, is the first label to respond to the impact of the anti-government protests that have gripped Hong Kong for the past seven months by closing one of its stores in the city.According to sources familiar with the matter, the brand, which is owned by luxury group LVMH, plans to shut its store in the Times Square mall in the shopping district of Causeway Bay, after the mall’s owner, Wharf Reic, refused a request to lower the rent on its prime second-floor…

Source : South China Morning Post
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