Market Chatter: LVMH, Kering to Upgrade Stores at New World's K11 Musea Mall in Hong Kong

MT Newswires Live

Sep 19, 2024

LVMH's Loewe and Kering's Saint Laurent and Balenciaga are expanding and upgrading their stores at K11 Musea in Hong Kong, Bloomberg News reported Thursday, citing a company statement.

K11 Musea is the flagship Hong Kong mall of K11 Group, the high-end real estate arm of New World Development (HKG:0017).

Other luxury labels planning store facelifts at K11 Musea include Italian fashion house Brunello Cucinelli, French jeweler Van Cleef & Arpels, and Swiss watchmaker Audemars Piguet.

Meanwhile, Prada is set to open a store at the waterfront mall. An earlier report by Bloomberg said the Milan-headquartered fashion house is renting an 8,000-square-foot space at K11 Musea.

The combined upgrades will double the footprint of the seven luxury labels in the mall to more than 30,000 square feet, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price (HKD): $7.22, Change: $+0.100, Percent Change: +1.40%

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