South China Morning Post
AsiaPac · 45 mins ago
✦ 78◉ Centre
Mainland brands power Hong Kong retail recovery as F&B is joined by fashion and beauty
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Quality 78/100
Partisan intensity 25/100
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◉ Centre ✓ Fair headline
Hong Kong's retail market is experiencing recovery driven by mainland Chinese brands expanding beyond food and beverage into fashion and beauty sectors, helping landlords fill vacant retail spaces.
Mainland brands power Hong Kong retail recovery as F&B is joined by fashion and beauty
Hong Kong is likely to attract more mainland Chinese retail brands, but unlike the previous wave, non food and beverage (F&B) retailers are the ones ramping up their presence, according to analysts.
The change in profile of mainland brands coming to Hong Kong is helping the city’s landlords fill vacant spaces amid an uneven recovery in the retail property market, according to JLL.
In the first four months of the year, more than one fifth of new entrants in the city’s retail market were mainland.
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