Sunday, July 5, 2020
July 5, 2020

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Protests in Hong Kong hurt sales of luxury goods


MILAN — Hong Kong’s luxury retailers have been hard hit by pro-democracy protests, which a new study says will permanently change the map of Asian high-end retail.

The study by Bain consultancy released Thursday says that political unrest has cost 2 billion euros ($2.2 billion) in Hong Kong sales this year.