Hong Kong luxury retail has been savaged by protests and COVID-19, but a closer look shows that it’s not all doom and gloom. Image credit: Joyce With Joyce’s Central flagship store closure, what is the future for Hong Kong retail?
Posted Bya Luxury Daily columnistOn In Featured,Industry sectors,Retail | No Comments
Hong Kong luxury retail has been savaged by protests and COVID-19, but a closer look shows that it’s not all doom and gloom. Image credit: Joyce {"ct":"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","iv":"61e4e2de7c501259028d15f6041d5720","s":"319d39aabbca1f1e"}