Chow Tai Fook

New World starts to market US$700 million Hong Kong hotel spin-off

The 549-room Grand Hyatt in Wan Chai had an occupancy rate of 57.8 per cent in the first four months of the year. Photo: Dickson Lee

The hotel trust, NW Hotel Investments - which includes the Grand Hyatt Hong Kong, the Renaissance Harbour View Hotel and the Hyatt Regency Hong Kong, Tsim Sha Tsui - had a valuation of HK$21.4 billion on March 31, a prelisting document said.

Tuesday, 11 June, 2013, 3:25am

Chow Tai Fook guarantees HK$707m hotel dividend

Chow Tai Fook guarantees HK$707m hotel dividend

New World Development and its controlling shareholder, Chow Tai Fook Enterprises, have agreed to guarantee a minimum HK$707 million first-year payout from the proposed spin-off of the group's hotel subsidiary.

10 Jun 2013 - 5:18am

Chow Tai Fook to start joint venture with Swiss watchmaker Richemont

Chow Tai Fook and Richemont would each control 50 per cent of a new company to distribute watches on the mainland. Photo: AFP

Swiss luxury goods group Richemont and the world’s largest jewellery chain, Chow Tai Fook, have agreed to create a joint venture, Swiss daily Le Temps reported in its online edition late on Saturday.

29 Aug 2013 - 4:13am

Chow Tai Fook fans go wild over exclusive collection

Michelle Chan and her "shady" friend William Louey

Local jeweller Chow Tai Fook has branched out into the world of exclusive, one-of-a-kind jewellery collections.

On Friday, the brand hosted a private preview in the grand ballroom of the Grand Hyatt hotel to showcase its exclusive collection, Ombre Di Milano.

15 Jan 2013 - 4:31am

Chow Tai Fook Jewellery expects mainland market to remain weak

Chow Tai Fook expects weak sales on mainland

Chow Tai Fook Jewellery, the world's largest jewellery retailer, expects the mainland market to remain weak in the next few months after it reported an 8 per cent slump in same-store sales for the past quarter.

11 Jan 2013 - 3:56am

Jewellery firms shrug off profit falls

A substantial slowdown in Hong Kong jewellery market.

Shares of jewellery retailers in Hong Kong leapt yesterday on a rebound in sales this month, despite net profit tumbling by as much as a third for the six months to September 30.

Luk Fook jumped 10.23 per cent to HK$23.15, while Chow Tai Fook Jewellery rose 5.4 per cent to HK$10.86, regardless of big drops in earnings and disappointing retail sales in the city last month.

30 Nov 2012 - 2:53am

Chow Tai Fook Jewellery shares fall after profit warning

Chow Tai Fook has suffered losses from its gold hedging. Photo: AFP

Shares in Chow Tai Fook Jewellery fell yesterday as alarmed investors shed their holdings after a profit warning, which came within a year of its listing.

10 Nov 2012 - 5:24am

Tse Siu Luen sees interim profit drop 65%

Tse Sui Luen Jewellery (International) expects consumer confidence to remain weak in the short to medium terms after reporting a slide of 65 per cent in net profit for the six months to August.

The Hong Kong-based jewellery retailer said turnover for the period grew 6.1 per cent to HK$1.66 billion, but net profit fell significantly to HK$30.7 million year on year.

31 Oct 2012 - 2:30am

Sales decline hits jeweller's shares

Chow Tai Fook Jewellery, the world's largest listed jewellery retailer, slumped almost 9 per cent after reporting a decline in second-quarter same-store sales in Hong Kong and Macau.

The Hong Kong-based retailer closed 8.8 per cent lower at HK$9.45 yesterday as investors worried the economic slowdown might have a deeper than expected impact on high-end jewellery consumption.

13 Jul 2012 - 12:00am

End of the gold rush

Hong Kong's listed watch and jewellery retailers weathered a bad patch last week. Chow Tai Fook fell 9.6 per cent on Wednesday after Apple Daily reported it was cutting a guaranteed bonus for back-office staff that was supposed to be equal to three months' salary.

21 May 2012 - 12:00am

IPO giants see shares dip on first trading day

Chow Tai Fook Jewellery and New China Life Insurance fell below their listing prices on their first trading day in Hong Kong as investors worried about the global economy and a decline in the price of gold.

16 Dec 2011 - 12:00am

Cheng's golden years of growing up

After leading Chow Tai Fook Jewellery for more than five decades, Cheng Yu-tung decided to give the family business a new look by listing it in the stock market.

6 Dec 2011 - 12:00am

Chow Tai Fook's eye-popping price justified by high growth

In these dark days for the Hong Kong stock market, the buzz surrounding this week's initial public offering by Chow Tai Fook Jewellery feels like a welcome return to bullish form.

Enthusiasts for the deal point to the jewellery retailer's 1,400 shops on the mainland and talk about Chow Tai Fook's enviable brand recognition among Chinese consumers.

29 Nov 2011 - 12:00am

Jewellery firm's service strategy for customers enables it to shine through

Hong Kong's jewellery retail industry is restructuring its service standards to meet the changing needs of customers.

Chow Tai Fook, a jewellery maker, wholesaler and retailer for 79 years, has adopted a systematic service standard as a 'cross-border after-sales service' and it won the company the grand award in Customer Service at the Hong Kong Awards for Industries.

24 Jan 2008 - 12:00am

Designers go for gold in jewellery competition

Sparkling earrings and dazzling pendants are not usually associated with the blood, sweat and tears that go into preparing for the Olympic Games but the two came together this week in a competition designed to give aspiring jewellery designers the opportunity to shine.

10 Mar 2007 - 12:00am

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