HONG KONG – Pro-democracy protests in Hong Kong have disrupted business and hit share prices of luxury goods companies, ruining what is normally one of the busiest shopping weeks of the year.
The protests in Hong Kong, the biggest challenge to Beijing’s leaders since the former British colony reverted to Chinese rule in 1997, coincide with China’s “Golden Week” holiday, which runs until Tuesday. It is traditionally as important to luxury retailers in the region as Christmas or New Year’s are in Western markets.
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