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SMCP expanding in HK despite soft retail sector

Fashion chain plans to open five new outlets there over the next year; it will also double its stores in Macau

Hong Kong

GROUPE SMCP, which sells fashion brands from Paris, is expanding its chain in Hong Kong amid confidence its brand of affordable luxury will attract shoppers despite the city's slumping retail market.

SMCP, 70 per cent-owned by KKR & Co, is planning to open as many as