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Report: Chow Tai Fook plans to open 150 points of sale in China

Hong Kong jeweler Chow Tai Fook Jewellery Group Ltd expects to open 140 to 150 points of sale in mainland China in its current financial year, Reuters reported Nov. 21, citing Managing Director Kent Wong.

Chow Tai Fook opened 105 points of sale in the mainland in its fiscal first half, which ended Sept. 30, Reuters said.

The company said it also expects to close a net four or five points of sale in Hong Kong and Macau by March 2018, when its fiscal year ends.