BRIEF: Chow Tai Fook’s revenue slumps, shutters 406 stores
Jewelry retailer Chow Tai Fook Jewellery Group Ltd. (1929.HK)reportedon Thursday its sales fell 11.6% year-on-year in the three months through March. The company’s sales in Mainland China dropped 10.4% during…
Two IPOs: One in Autonomous Driving and One in Gold
Robotaxi operator Pony.ai raised more than $400 million in its U.S. IPO. And jewelry store operator Mokingran raised a smaller $67 million in its Hong Kong listing By Doug Young…
FAST NEWS: High gold prices dampen Luk Fook’s business
The Latest: Jeweler Luk Fook Holdings (International) Ltd. (1361.HK) said on Thursday its retailing revenue in the second quarter of its fiscal year through September fell 25% year-on-year, citing a high base effect…
FAST NEWS: Luk Fook Group’s 1,800 customers’ data stolen
The Latest: Luk Fook Group Holdings (International) Ltd. (0590.HK) announced Friday that attempts of unauthorized access to the company’ss database had occurred, about 1,800 Hong Kong customer records with partial…
FAST NEWS: Merger drives Luk Fook’s fourth-quarter sales growth
The Latest: Luk Fook Holding (International) Ltd. (1361.HK) said on Thursday its retail revenue in the fourth quarter of its fiscal year through March rose 12% year-on-year, exceeding the figure for the same…
Chow Tai Fook glitters as hedge against lower interest rates
China’s leading jewelry seller has benefited from spiking gold prices that reached an all-time high after Iran’s drone attack on Israel last week Key Takeaways: Chow Tai Fook’s sales grew…
