FLAGSHIPS FLOCKING: Prada and Yves Saint Laurent have signed deals with Hongkong Land to open stores in Alexandra House here in 2004. The move marks Prada’s return to Alexandra House, the high-end office and retail building that has been undergoing extensive renovations for two years. At 9,300 square feet, the two-story shop will be the company’s largest in Asia outside Japan. The new Prada flagship will be designed by Roberto Baciocchi and is slated for an early 2004 opening.

Similarly, Yves Saint Laurent Rive Gauche will open a 3,400-square-foot boutique in Alexandra House early next year. The brand is moving from its current location in The Landmark, another Hongkong Land property that is about to undergo refurbishment.

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