Chow Tai Fook to shut up to 15 stores

Business | 14 Jan 2020 5:33 pm

Chow Tai Fook Jewellery (1929) said it plans to shut about 15 of its Hong Kong stores after  leases expire this year, Bloomberg reported.

"We will have more than 40 storefronts with their leases to expire in the financial year 2021 from April to Mar, and we will review the store performance and plan to shut down up to 15 stores by end of the financial year of 2021, mainly located in tourist districts such as Causeway Bay, Mong Kok and Tsim Sha Tsui,” the group's spokesman said.

 

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