Revenue increased 4 p.c to 6.forty seven billion Hong Kong dollars, or $827.8 million, supported by an uptick in resort bookings. Hong Kong real estate big Wharf Holdings reversed its $1.53 billion loss in 2022 as Hong Kong’s reopening introduced again shoppers to its Harbour City and Times Square luxury shopping centers. Plaza 66, some of the prestigious luxury buying malls in mainland China, recorded 891 million renminbi, or $123.6 million, in revenue for the primary half of 2023. Excitement is brewing as a serious unveiling of a four-story Dior boutique will officially occur on the luxurious vacation spot in November. Shanghai’s Plaza 66 and Grand Gateway sixty six recorded 23 p.c and eleven p.c income progress, the very best amongst Hung Lung’s seven luxury malls in mainland China.
Among the risers was Watches of Switzerland as it posted in-line first-quarter gross sales and reiterated its full-year guidance amid “robust” …