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. https://insideretail.asia/2022/06/29/luk-fook-to-add-500-stores-this-year-and-expand-online/#primary