According to data compiled by Luxe.CO Tong, from January 2022 to September 2023, a total of 23 luxury brands have opened 26 stores in Hong Kong.
From 2022 to the present (18 months), luxury brands have strategically positioned themselves in the four central cities of the Greater Bay Area – Shenzhen, Guangzhou, Hong Kong, and Macau.
Sa Sa International Sees Revenue Boost and Return to Profitability as Mainland Tourists Return to Hong Kong.
The group expressed optimism regarding the gradual recovery of its key markets. With the recovery and growth of same-store sales in mainland China, Hong Kong, and Macau, the fiscal year 2024 is expected to be a year of recovery and a return to normalcy.
Monthly rent exceeding HKD 3 million, making it one of the highest-value leases in Hong Kong since the outbreak of the COVID-19 pandemic.
The recovery of consumption to support China’s economic rebound is of utmost importance.
Chinese Medicine Tops the Charts: Hong Kong’s Retail Sales Soar in January 2023 with Jewelry and Luxury Gifts Following Closely Behind
K11’s footprint will cover 11 key cities in the Greater China region, with a total of 39 projects.
As of the close at noon on January 16, the share price of Beauty Farm rose 57.09% from the issue price, with a market value of approximately HK$7.056 billion.
The data unexpectedly marked the largest drop in eight months since March 2022 (-13.8%), mainly due to the pandemic’s impact and the global economy’s slowdown.
