HONG KONG — A recently proposed cut in the number of visas issued to mainland visitors to Hong Kong threatens to put a dent in luxury spending.
Hong Kong’s chief executive, CY Leung, has been soliciting opinions on a 20 percent reduction to the individual visitor scheme under which 40 million mainland Chinese visit Hong Kong every year. Visitors from China make up the majority of visitors to the city and mainland shoppers are a vital pillar to the city’s retail industry.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)