Hong Kong Latest News - Inside Retail Asia
Restaurant table-filler app Eatigo is set to double the user numbers and outlets it represents over the next year.
Hong Kong street-front rents have plunged by 54 per cent from their peak in the first quarter of 2013, according to data from real-estate advisor Savills.
Kyoto coffee chain % Arabica has made its debut in the UK, with its first store in London.
Taubman Asia president Peter Sharp has resigned after almost three years in the role.
Luxury goods group LVMH has shrugged off the impact of the recent Hong Kong protests and global economic uncertainty, recording a 19 per cent increase in sales of leathergoods and fashion during the third quarter.
Analysts are warning that Burberry Hong Kong is bracing for a £100 million hit on sales from the city’s ongoing disorder.
Hong Kong jeweller Chow Tai Fook has opened its first store in the Philippines.
Hong Kong-listed jeweller Tse Sui Luen says “social unrest” in Hong Kong and ongoing Sino-US trade tensions have caused a drop of more than 90 per cent in the company’s half-year profit.
UK fashion house Ted Baker has slumped into the red in the first half of the year, its position not helped by a 15.2-per-cent fall in sales in Asia.
Hong Kong retail sales in September and October will be “even worse” than August’s record 23-per-cent decline according to HKRMA forecasts.
French cosmetics startup La Bouche Rouge has chosen Hong Kong as its first Asian market ahead of a regional rollout.
Last month, the inventor of bath bombs and hero of vegans, cruelty-free cosmetics retailer Lush Asia has opened a Naked store right in the heart of Hong Kong at Great George Street, Causeway Bay.