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Gucci spars with HK landlords as demand slumps

Burberry Group, Kering and Chow Tai Fook Jewellery Group are pushing landlords in Hong Kong to lower rents on existing properties as luxury brands are scaling back amid plummeting sales.

Hong Kong

LANDLORDS on Hong Kong's Russell Street a year ago could boast the highest retail rents in the world. Now they are adjusting to a new reality.

Burberry Group plc, Kering SA and jewellery retailer Chow Tai Fook Jewellery Group Ltd are pushing landlords to lower rents on