Hong Kong’s retail sales in May rose 7.9 per cent year on year, extending the streak of growth to 13 months, with the sector benefiting from an increase in visitor numbers during mainland China’s Labour Day “golden week” holiday. The value of retail sales for the month reached HK$33.8 billion (US$4.3 billion), up from HK$31.3…
Many shoppers who queued for days ahead of the launch of a new watch from two Swiss brands have listed the timepieces for sale within hours of buying them, with resale prices nearly seven times their original retail value. A South China Morning Post reporter observed at least 70 people in raincoats and carrying umbrellas…
Visitor numbers in Hong Kong rose about 14 per cent during the Chinese New Year holiday but more residents left the city, while local retailers reported bumper sales of gold products. Some retailers reported single purchases worth millions of Hong Kong dollars within categories such as watches and jewellery, even as the broader retail recovery…
Lauren Sánchez wore her new Richard Mille watch while on a boat in Ibiza. GTRES / BACKGRID Mrs. Bezos loves her bling. Lauren Sánchez and new husband Jeff Bezos have been partying it up in Ibiza with Leonardo DiCaprio and girlfriend Vittoria Ceretti, but her new wedding band isn’t the only sparkle the newlywed brought…
Hong Kong police are searching for a man suspected of using counterfeit banknotes to buy two luxury watches worth HK$4.5 million (US$573,242). Two men, aged 30 and 32, allegedly met the suspect, who expressed interest in buying the two high-end watches – Patek Philippe and Richard Mille – that they owned. The buyer then asked…