China's Conspicuous Consumers
Hong Kong’s overcrowded Central district is awash in some of the priciest stores in the world, occupying rental space that costs – in the case of Abercrombie & Fitch in the historic Pedder Building on Pedder Street between Queen’s Road and De Voeux Road – a whopping US$1 million per month in rent.
Not far away, Burberry is paying the equivalent of US850,…
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