While some parts of the world are slow to get on the gold train, other parts are leaping ahead. We’ve already reported that the pace is picking up in India. News out of China this week says retail demand there is strong at the low end of the market. One of the world’s largest jewelry chains, Chow Tai Fook, just announced they are expanding in both urban and rural areas. They are looking at opening 500 new stores in the near future – wow.
It makes sense when you see how many stores they already have. Chow Tai Fook is one of the largest jewelry retailers in the world, even if the name doesn’t sound familiar to Western ears. Today’s featured article reveals how many stores they already have, more eye-watering stats on the size of their business, and who the key owner is. We’ll just say he doesn’t need to win the lottery as much as some of us.
Continue reading at Asia.Nikkei.com