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Mercedes-Benz shuts its concept store in Beijing as more luxury brands are expected to follow suit to limit losses from Covid-19 crisis

After four years, German luxury car maker Mercedes-Benz has called time on Mercedes Me Beijing, its first “concept store” in China.The closure of the huge Mercedes-branded shop and dining space in the capital’s nightlife neighbourhood, Sanlitun, comes as restaurants and high-end retailers struggle to survive a collapse in demand caused by the Covid-19 pandemic. Analysts foresee more upmarket vendors abandoning their themed high-street shops and cafes as they try to minimise losses.Mercedes-Benz…

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