SKP’s malls are popular in China, with the luxury shopping property in Beijing alone generating 26.5 billion yuan ($3.6 billion) in revenue in 2023, while sales in Xi’an and Chengdu were 8 ...

aligning with SKP's high standards and sophisticated clientele, he said. It sets the foundation for potential future collaborations and a stronger brand presence in Beijing, Saurel said.

The two are close to an agreement for the sale of the side of Beijing Hualian SKP Department Store Co.’s business that manages and operates the high-end malls, the people said. Beijing Hualian ...