Luxury
KKR-Backed SMCP to Boost Hong Kong Shops as Coach, Prada Suffer
Groupe SMCP, which sells fashion brands from Paris, is expanding its chain in Hong Kong amid confidence its brand of affordable luxury will attract shoppers despite the city’s slumping retail market. SMCP, 70 percent-owned by KKR & Co., is planning to open as many as five new outlets in the…
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