ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Business trends

Luxury brands bid adieu to Hong Kong amid coronavirus and unrest

Louis Vuitton, Prada and Valentino close flagship stores as tourists vanish

Hong Kong's Great Causeway shopping district is seeing high-end tenants pull out as tourism to the city collapses.   © Reuters

HONG KONG -- Causeway Bay, the heart of Hong Kong's retail landscape and the world's priciest shopping district by rent, was eerily quiet at noon on Thursday.

In an area usually swarming with tourists, shop staffers sat idle, fiddling with their smartphones. The Times Square shopping center was a ghost town, and the plethora of big-name stores in the vicinity stood all but empty.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more