Thanks to a new partnership with DFS Group, luxury Hong Kong jeweler Chow Tai Fook will be available in the United States. In May, the jewelry brand will open a boutique in Honolulu’s T Galleria by DFS.
Hong Kong jeweller Chow Tai Took is expanding its new lower-priced chain to target younger shoppers in mainland China and will also close several signature stores by year-end. Most closures will be in tourist areas.
Hong Kong mall operators and retailers, plagued by a prolonged slump in sales, are now digging deep in to the local market to revive their business that has slowed due to a plunge in the number of Chinese visitors.
Hong Kong's highest profile officials and business people paid their respects to Cheng Yu-tung, whose passing marked the first of an aging generation of tycoons whose hold on the city's economy faces growing challenges.