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High street brands replace luxury stores that exit HK prime space

Wednesday, August 3, 2016 - 05:50
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Big shopping malls are renovating and offering attractive terms as vacancies grow.

Hong Kong

FROM fast fashion chain H&M to lifestyle brand Maison Kitsune and cosmetics firm Innisfree, mass market retailers are setting up shop in premises previously occupied by luxury brands in Hong Kong's prime shopping districts.

Aided by falling rents in top locations,

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