Chinese Fast Fashion Brand to Take Over Mega Hong Kong H&M Store

Chinese fast fashion brand W.Management is set to take over a large store space in Hong Kong previously occupied by Sweden’s Hennes & Mauritz AB, according to people familiar with the matter, as a wave of mainland retailers seek to tap the city’s retail rebound.

W.Management will pay more than HK$2 million ($255,850) a month for the roughly 30,000-square-foot space in the Causeway Bay shopping district, accounting for about two-thirds of the former H&M flagship, the people said, asking not to be identified discussing private matters.