Market Darling Abercrombie & Fitch to Make a Full Comeback to HK [Yahoo! Finance Canada]
HYSAN DEV CO LTD S/ADR (HYSNY)
NASDAQ:AMEX Investor Relations:
hysan.com.hk/investors
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Source: Yahoo! Finance Canada
full-fledged return to Hong Kong eight years after it shut its flagship store in the city, according to people familiar. Most Read from Bloomberg The company will rent two large stores in prime locations in the Asian financial hub, said the people, who asked not to be identified because the deal is private. One is a 7,000 square-foot space in Hysan Place, a trendy mall in shopping district Causeway Bay, and the other a more than 10,000 square-foot lease in New Town Plaza, a popular retail destination in Hong Kong's north. Abercrombie adds to an expanding list of global fashion companies seeking to secure larger stores in Hong Kong — among the world's most expensive real estate markets — amid falling property prices. The brands are betting on the city's stronger spending power as compared with mainland China, as well as its long-term recovery from years of political turmoil and Covid closures that battered tourism and retail sales. The retailer will pay about HK$1.5 million ($1
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