Ralph Lauren quietly shuttered its two-year-old 20,000-square-foot store last week. Other brands are expected to close boutiques in a city that has lost its luster for cash-rich mainland Chinese tourists.
The 15th-annual awards ceremony recognized the accomplishments of a cross section of beauty executives.
A small crowd gathered in the store, located in the JK Iguatemi shopping mall, and waited for about 90 minutes to see the actor.
Markdowns and a last-minute promotion upended by Hurricane Sandy hit the retailer’s bottom line hard in the third quarter.