Jeweller Luk Fook has revealed plans to add a net 500 retail stores during the coming year, as it reports a 32.5 per cent increase in sales during the latest financial year. 

In a stock-exchange filing, chairman and CEO Wai Sheung Wong said the company’s store-expansion program would mainly focus on opening licensed shops in fourth- and fifth-tier cities. Around 50 stores will open under Luk Fook’s new diffusion brands, mainly licensed shops, including Lukfook Joaillerie targeting the high-end market, and Heirloom Fortune, focused on traditional craftsmanship. 

Last year, the jeweller added a net 443 stores.  Click here to read full article.