Wednesday, December 11, 2019
Dec. 11, 2019

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Protests in Hong Kong hurt sales of luxury goods

Published: December 2, 2019, 6:04am

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.