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New Business

Luxury malls in Beijing, Shanghai slash rents, change tenant mix as consumer spending dips

A slowdown in Chinese consumer spending on luxury goods is affecting high-end malls in Beijing and Shanghai, with shopping centres…

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New Business

Exclusive | Futu rents prime Causeway Bay address as online broker prepares for stock market bonanza

Futu Securities International (Hong Kong) has scooped up a prime retail space in Hong Kong’s Causeway Bay, according to market…

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New Business

Gucci, Prada close more China outlets as consumers cut luxury spending

Global luxury retailers are hastening their retreat from China by shutting stores in high-end shopping malls across major mainland cities,…

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New Business

Estée Lauder, L’Oreal suffer as global brands’ lustre fades in China

Multinational companies (MNCs) are losing ground in China as their “halo effect” fades amid rising competition and a consumer spending…

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