HK luxury retailers look to Macau for expansion

Hong Kong

LUXURY-WATCH retailer Halewinner will almost double its store count in the Chinese gambling hub of Macau, where casinos want time to be irrelevant, dealing another blow to Hong Kong's staggering retail market.

Halewinner Watches Group will open at least nine more shops in Macau while closing two in Hong Kong, chairman Karson Choi said in an interview. Most of the new stores will be in the Cotai Strip, where Sands China Ltd will open its Parisian resort this year and Wynn Macau Ltd will debut the Wynn Palace.