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Multimillion-dollar fashion brands in Hong Kong are transforming themselves to appeal to rich young customers. Christine Chen, 27, was looking for a special wedding gift for her best friend. Loaded with cash, she went into one luxury store after another at a…
After enjoying a decade of aggressive expansion in China, international luxury brands have begun to curtail their operations as the world’s second-largest economy is beset by a slowdown, a massive government crackdown on graft and a Chinese preference to buy…
Luxury brands have begun to expand beyond their core but saturated fashion businesses into the food and beverage sector in Asia. Iconic fashion brand Gucci, for example, opened 1921 Gucci in Shanghai iAPM, which is owned by Sun Hung Kai Properties in the…
“During the last two years, more than 100 new global brands have entered Thailand. That has approximately doubled the number of stores [in this category] compared with 2012,” he said. The top brands are from Italy, Britain, Australia, Japan, Hong Kong,…
Tokyo is the world’s hottest market for retail expansion, attracting 63 new global brands last year as leasing momentum in core areas remained strong. In a list dominated by Asia and Middle East cities, Singapore ranked second with 58 new entrants, outshining…
