Thursday, 19 July 2012

Picture of the Day: Abercrombie & Fitch

Finally some lights on at Pedder Building
Shanghai Tang got kicked out of the Pedder Building in October last year and has since found new premises nearby on Duddell Street, but it's hardly the wonderful location it had for 17 years on Pedder Street across from The Landmark.

However it wasn't able to pay the more than 100 percent increase in rent, unlike Abercrombie & Fitch who was willing to shell out HK$7 million ($902,585) a month.

And now after several months of renovations, I passed by the place tonight and there are some chandeliers put up, illuminating the two upper floors.

Does this mean the trendy American retailer is finally going to open its doors and try to sell as many T-shirts and jeans as possible to make rent?

Last year the company probably thought it was a good time to enter the Hong Kong and China market.

But with the mainland's economy screeching to a halt, A&F might be wondering if it had its timing was right...

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