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HK malls facing new challenges in retail slump

Developers looking for ways to keep mall traffic flowing as mainland shoppers retreat and the local economy slows in tandem with China's

Published Wed, Apr 20, 2016 · 09:50 PM
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Hong Kong

AFTER 27 years of serving rib-eye steak and apple pie to American cuisine lovers in Hong Kong, Dan Ryan's Chicago Grill has closed its doors at the city's Pacific Place mall. Taking its place: a trendy new Italian restaurant called Operetta.

"I don't know why they had to leave," said Ho Kwan-lun, a urologist who took selfies with his friends in front of Dan Ryan's before going in for one last meal the day it closed on April 10. "It's a shame. This place has been here so long."

Landlord Swire Properties Ltd's decision not to renew Dan Ryan's lease wasn't about squeezing more rent from a new tenant. Ins…

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