AIRLINK 64.85 Decreased By ▼ -1.05 (-1.59%)
BOP 5.59 Decreased By ▼ -0.10 (-1.76%)
CNERGY 4.48 Decreased By ▼ -0.17 (-3.66%)
DFML 22.67 Decreased By ▼ -0.18 (-0.79%)
DGKC 69.62 Decreased By ▼ -1.08 (-1.53%)
FCCL 20.36 Increased By ▲ 0.01 (0.05%)
FFBL 28.48 Decreased By ▼ -0.63 (-2.16%)
FFL 9.74 Decreased By ▼ -0.19 (-1.91%)
GGL 10.06 Decreased By ▼ -0.02 (-0.2%)
HBL 114.65 Decreased By ▼ -0.60 (-0.52%)
HUBC 128.60 Decreased By ▼ -0.90 (-0.69%)
HUMNL 6.66 Decreased By ▼ -0.04 (-0.6%)
KEL 4.42 Increased By ▲ 0.04 (0.91%)
KOSM 4.88 Decreased By ▼ -0.14 (-2.79%)
MLCF 36.76 Decreased By ▼ -0.20 (-0.54%)
OGDC 130.39 Decreased By ▼ -0.81 (-0.62%)
PAEL 22.42 Decreased By ▼ -0.06 (-0.27%)
PIAA 25.30 Decreased By ▼ -1.00 (-3.8%)
PIBTL 6.49 Decreased By ▼ -0.04 (-0.61%)
PPL 111.75 Decreased By ▼ -0.37 (-0.33%)
PRL 27.93 Decreased By ▼ -0.46 (-1.62%)
PTC 15.49 Decreased By ▼ -0.62 (-3.85%)
SEARL 56.97 Decreased By ▼ -1.32 (-2.26%)
SNGP 65.71 Increased By ▲ 0.02 (0.03%)
SSGC 10.89 Decreased By ▼ -0.13 (-1.18%)
TELE 8.76 Decreased By ▼ -0.18 (-2.01%)
TPLP 11.73 Increased By ▲ 0.20 (1.73%)
TRG 68.15 Decreased By ▼ -1.09 (-1.57%)
UNITY 23.45 Decreased By ▼ -0.50 (-2.09%)
WTL 1.37 Increased By ▲ 0.02 (1.48%)
BR100 7,291 Decreased By -12.5 (-0.17%)
BR30 23,955 Increased By 4.8 (0.02%)
KSE100 70,290 Decreased By -43.8 (-0.06%)
KSE30 23,093 Decreased By -27.8 (-0.12%)

HONG KONG: French fashion label Christian Dior has postponed its planned mega fashion show in Hong Kong due to be held in March, the government said on Monday, without giving a reason for the decision.

The event was widely anticipated by many in the luxury sector after a high profile show from Louis Vuitton helmed by singer Pharrell Williams last November, which was an attempt to put the Chinese city back on the luxury map and attract wealthy spenders.

Dior did not immediately respond to Reuters requests for comment on why it postponed the show.

“We have just received notification from the organiser that the event will be postponed. In fact, postponements of large-scale events often happen. We continue to welcome large-scale events to be held in Hong Kong,” the government said in an email.

Hong Kong’s luxury retailers are adapting to fewer wealthy Chinese shoppers visiting the city and a shift towards tourists flocking to Instagram-coveted spots in trendy districts rather than splashing out on pricey branded gear.

Spring festival spending on China’s duty-free island hits record

Before the pandemic, the Chinese special administrative region had bucked global trends of declining demand for multi-brand department stores and ultra-luxury brands largely due to its attractiveness to high-spending mainland visitors.

But the rise of competing shopping hubs like China’s Hainan island, changing consumer preferences and a rise in online shopping have fundamentally changed demand for luxury goods in Hong Kong and are starting to reshape the city’s visitor economy, according to industry experts.

Comments

200 characters