Hong Kong luxury retailers seek more rent relief as protests cut sales in deserted malls
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The Bluebell group, Asias largest distributor of luxury brands, is asking Hong Kong landlords to share the pain by scrapping the base rent in shopping malls, saying a slump in tourist footfalls will push even more retailers out of business in the coming months. The group may have to give up two of its 22 stores in 19 malls across the city because short-term rent reduction cannot cover operating costs in stores where sales have plunged as much as 60 per cent during six months of anti-government