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Hello Kitty, farewell Rolex, as HK shoppers go downmarket

Published Wed, Oct 28, 2015 · 09:50 PM

Hong Kong

IN Hong Kong, fancy purses are out, sneakers are in.

US luxury handbag maker Coach Inc opened its four-story flagship store in the heart of Hong Kong's Central district to much fanfare in June 2008, with a celebrity-studded, champagne-fuelled party. In August, the company quietly terminated its HK$5.6 million (S$1 million) per month lease and Adidas is moving in - paying 23 per cent less in rent, according to Colliers International Group Inc.

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Consumer & Healthcare

Hello Kitty, farewell Rolex, as HK shoppers go downmarket

Consumer & Healthcare

Jim Beam owner bets on canned vodka cocktails to double revenue

Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO

Olam outbids Dreyfus’ sweetened deal for Australia’s Namoi, raises offer to A$0.66 per share

Cordlife served letter of demand, notice of claim from customers

IndoAgri appoints former EDB chairman Philip Yeo as chairman and lead independent director

GSK profit drops 23% in Q1 on higher costs

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