Maria SantosFashion
Chow Tai Fook Dawn Line Reaches HK$2.8 Billion in Sales
The new signature collection generated roughly HK$2 billion in the three months to September as the jeweller shrank its mainland store network.
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Chow Tai Fook
Every story tagged Chow Tai Fook on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.
Stories tagged Chow Tai Fook
68 stories in this topic
Minjun ParkTelecom
Tencent Deploys Retail AI Suite Across 600 Asian Merchants
The cloud giant links internal tools to Weixin and WeCom as Chow Tai Fook and SML Group automate store workflows and inventory.
Sarah ChenFashion
Chow Tai Fook Opens Luxury Flagships Across Four Markets in Ten Weeks
The Hong Kong jeweller launched a 10,000-square-foot Canton Road flagship and entered Bangkok’s Siam Paragon as part of an aggressive push into high-end retail.
Sarah ChenFashion
Chow Tai Fook Sparkles in Bangkok, Setting Global Expansion Plans into Motion
Chow Tai Fook Jewellery Group, the well-known retail giant of the jewelry industry in China, is expanding its market beyond its borders, eyeing growth potentials in the Southeast Asian region. This strategic move commences with the opening of a brand-new…
Maria SantosGeneral
Chow Tai Fook Unveils Plans for Its First International Premium Jewelry Store in Singapore
China’s largest jewelry retailer Chow Tai Fook Jewelry Group is setting its sights on Singapore with the launch of a premium store, marking a significant step in its global expansion strategy. With nearly a century of experience, the Hong Kong-listed company…
Rajiv MenonFashion
Luk Fook sales drop 10 per cent in latest quarter
Luk Fook sales in the third quarter fell 10 per cent on a same-store basis. “Recent market sentiment has been adversely impacted by the US-China trade war, the depreciation of Renminbi, and downward pressure in the stock and property markets,” said chairman…
Minjun ParkFashion
Chow Tai Fook Overcomes Sales Slump With Increased Operating Profit: Unveils Expansion Plans
Despite subdued consumer sentiment impacting its sales in the last fiscal year, Chow Tai Fook witnessed an increase in its operating profit. The company’s revenues for the fiscal year, ending on March 31, saw a significant decrease of 17.5 per cent, amounting…
Wei ZhangFashion
Chow Tai Fook arm in bid for Giordano International
Giordano International Ltd. climbed as much as 23% after an investment vehicle owned by Hong Kong’s third-richest person offered to buy the apparel retailer. Clear Prosper Global Ltd., a BVI vehicle wholly-owned by Chow Tai Fook Nominee Ltd., offered to buy…
Minjun ParkFashion
Chow Tai Fook profit rebounds as Mainland China focus pays off
Hong Kong-listed Chow Tai Fook Jewellery Group Ltd reported a forecast-beating 108% jump in annual profit on Tuesday, thanks to one-off COVID-19 related rent concessions, an unrealised gain on gold loans and foreign exchange gains. China’s largest jeweller by…
Wei ZhangGeneral
Mainland expansion paying off for Chow Tai Fook
Growing demand due to innovation in designs and changing fashion trends will help to boost the global jewelry market in the forecasted period. Jewelry refers to ornaments such as earrings, neckless, bracelets, pendants, stones, rings, and metals. Jewelry is…
Aiko TanakaFashion
Chow Tai Fook finds sales respite as Mainland China gets back to business
Hong Kong jeweler Chow Tai Fook says the reopening of retail stores in Mainland China eased the company’s sales decline in the June quarter. But the lack of tourists in Hong Kong and Macau decimated sales there. Same-store sales were down by 93.2 percent in…
Rajiv MenonFashion
Chow Tai Fook posts strong profit despite retail turmoil
Hong Kong-headquartered jeweler Chow Tai Fook has ended the financial year with a US$374 million profit attributable to shareholders. While that is down 36.6 percent on last year, and its worst annual result in a decade, it underpins the strength of the…
Rajiv MenonGeneral
Chow Tai Fook closes 40 stores after sales slump
Hong Kong-based jewelry group Chow Tai Fook has closed 40 stores in Hong Kong after experiencing a 60-per-cent drop in retail sales there amidst the coronavirus outbreak. Sales on the mainland fell 42 percent, according to an update on trading for the first…
Rajiv MenonFashion
Chow Tai Fook completes Enzo purchase
Chow Tai Fook has completed a full acquisition of the luxury colored-gem jewelry brand Enzo. Enzo currently operates 60 points of sale in Mainland China, most of which are in Tier I and II cities. It also maintains a robust presence on several major Chinese…
Aiko TanakaFashion
Chow Tai Fook Launches ‘Frozen II’ New Platinum Collection with Platinum Guild International
The world’s leading jeweller Chow Tai Fook, in collaboration with Platinum Guild International (PGI) and Disney, recently launched the ‘Frozen II’ new platinum collection in Chengdu, Sichuan Province. The new collection features snowflakes as the key design…
Rajiv MenonFashion
Chow Tai Fook closing more Hong Kong stores
Chow Tai Fook Jewellery Group has revealed plans to shut about one in five of its Hong Kong stores, the majority of them in prime tourist areas. The closures will take effect when leases come up for renewal throughout this year, starting from April according…