Riots news and archive

Italian luxury brands ask for rent reduction after Hong Kong protests

The retail landscape in Hong Kong is not above political instability and the recent protest have seen a dive in sales for many luxury retailers as footfall has slowed and less visitors from mainland China are coming to shop. In the wake of the heightened political campaign, Italy's luxury retailers have called for short-term rate cuts on their...

Fashion

Hong Kong retailers set for riot losses

The Hong Kong pro democracy riots may cost retailers nearly 300 million dollars of sales losses. The disruptions come during China's Golden week holiday, where many of its mainland residents visit Hong Kong for a shopping weekend. The ANZ bank has estimated that retailers could lose 6 percent of the month's total retail sales, estimated at 282...