Shirley Zhao

Hong Kong was once the biggest beneficiary from China's splurging on designer handbags and watches. The city's hollowed out shopping districts and falling retail sales are now a warning to global luxury brands as Chinese shoppers embrace frugality.

China’s collapse in high-end spending has shaken confidence in luxury brands globally as companies from LVMH to Richemont and L’Oreal report falling sales.

China's gray market — where brand new, authentic products are sold at steep discounts — is increasingly dwarfing some global luxury giants' official sales channels in the country's dominant e-commerce space, according to a new report.

Hires Loewe's Gabriela Ferreira to front SE Asia expansion Chow Tai Fook looks to boost its appeal as a luxury brand

China’s largest jewelry retailer Chow Tai Fook Jewellery Group Ltd. has appointed an executive from LVMH’s fashion brand Loewe to lead a global expansion and boost its appeal to luxury shoppers.

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Even Hong Kong's billionaires periodically crave for hometown comfort food. Sheung Shing is one such place, and @shirleyZhaoXY says she can see why.

Even Hong Kong's billionaires periodically crave for hometown comfort food. Sheung Shing is one such place, and @shirleyZhaoXY says she can see why.

Loewe, Saint Laurent among brands to expand in K11 Musea New World bets on luxury retail to ease property woes

Luxury brands are expanding their presence in the flagship Hong Kong mall of the K11 Group, as the high-end real estate arm of billionaire Henry Cheng’s New World Development Co. bets on a rebound in the city’s premium retail sector to help ease property-market woes.