Consumer
Prada to Open 8,000-Square-Foot Hong Kong Store After Years of Downsizing
- Brand to rent 8,000 sq-foot space over two floors in K11 Musea
- New store will be Prada’s first major HK expansion in years
Global luxury brands are increasingly returning to Hong Kong’s core business districts.
Photographer: Lam Yik/BloombergThis article is for subscribers only.
Prada SpA is renting a 8,000-square-foot store in K11 Musea, a harborfront luxury shopping mall by New World Development Co., people familiar with the matter said.
Construction work for the two-floor store will begin soon and it’s expected to open early next year, said the people, who asked not to be identified discussing private matters. Rent is likely to be partly based on store sales, some of the people said.