The purchase includes 27 stores, which will continue to trade under the Marks & Spencer name.
Chinese New Year doesn’t have to mean animal zodiacs everywhere.
Retailers who renegotiated their leases got at least a 20 percent rent reduction for stores in tourist areas, the report said.
“The anxiety that people are feeling in the U.S. about their economic condition overwhelmed the logic of the agreement,” said the U.S. Consul General in Hong Kong.
The Chinese jewelry behemoth did see growth in mainland China.
It’s the third store in Hong Kong opened within a year and the brand will open its first Macau location next week.