Hong Kong’s luxury retail gets a boost as Louis Vuitton returns to Times Square in Causeway Bay after 3-year gap
Louis Vuitton is returning to Times Square, three years after the French luxury brand shut its store in the Causeway Bay shopping centre, a sign of a brighter outlook for Hong Kong’s luxury retail market.
The company has reportedly signed a five-year lease for 12,000 square feet of space spread over two levels, 2,000 sq ft larger than its previous shop.
The Post has reached out to Louis Vuitton and Wharf Reic, which owns and operates Times Square, for comment.
“Hong Kong’s luxury retail market is … set to regain some lost ground as some high-end brands gradually find their way back into the city,” according to a report by Knight Frank on Monday.
Louis Vuitton’s new lease reflects confidence in the city “that has not been seen in years”, it added.
In recent months, European high-end brands such as watchmaker Omega and fashion houses Chanel and Fendi have snapped up retail space in the city.
In December, Omega simultaneously opened a 5,102 sq ft boutique spread over four levels in Central and a 5,565 sq ft, two-level outlet in K11 Musea in Tsim Sha Tsui.
Also last year, French fashion house Chanel committed to a portion of the retail podium at Capitol Centre in Causeway Bay, while Fendi opened a boutique store at Harbour City, another Wharf Reic mall, on Canton Road.
More to follow ...
