Hong Kong Protests news and archive

Protests in Hong Kong affect sales for Capri Holdings

Capri Holdings Limited, the parent company of luxury labels Jimmy Choo, Versace, and Michael Kors, is facing challenges after missing its quarterly profit estimate. Overall, the company’s revenue increased. However, sales for Michael Kors, Capri Holdings’ largest label, decreased from 1.13 billion USD to 1.08 billion USD. As mentioned in a...

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Luxury brands face losses as Hong Kong protests continue

The Hong Kong protests have come with insurmountable costs for luxury brands, as stores remain shut, tourists stay away and shoppers avoid malls in protest areas. Hong Kong, up until August, was a thriving metropolis for luxury brands, especially the lucrative flow of visitors from mainland China. The city accounts for between 5 and 10 percent...