With no sales tax, an exotic lifestyle and countless luxury boutiques, Hong Kong is a magnet for luxury brands such as Panerai. Getty Images for Panerai/AFP
With no sales tax, an exotic lifestyle and countless luxury boutiques, Hong Kong is a magnet for luxury brands such as Panerai. Getty Images for Panerai/AFP

Economy

Hong Kong to lose out on status as top export market for luxury watches, Panerai CEO says

Hong Kong has sat on the throne of Swiss watch sales largely thanks to its status as a shopping haven

Bloomberg

November 15, 2019