6/26/2012 @ 11:02PM |35 views Shares In Hong Kong Luxury Retailer Chow Tai Fook Climb 3% After Profit Soars Chow Tai Fook Jewellery, the jewelry retailer controlled by the family of Hong Kong billionaire Cheng Yu-tung, rose by 3% in early trading at the Hong Kong Stock Exchange on Wednesday after the company reported a 79% surge in net profit to $817 million for the 12 months ending on March 31. The company has benefitted from a rapid rise in spending by mainland Chinese on luxury goods, which has ...

HONG KONG | Tue Jun 26, 2012 7:09am EDT HONG KONG (Reuters) - Chow Tai Fook (1929.HK), the world's biggest jewelry retailer, reported a 79 percent jump in annual profit, buoyed by demand for luxury goods in China, though global economic uncertainties may slow revenue growth in the near term. The Hong Kong-listed company, which competes with brands like Cartier (CFR.VX) and Tiffany as well as local players Chow Sang (0116.HK) and Luk Fook (0590.HK), will spend as much as HK$1 billion ($128.85 milli...

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Search this site: UCI Technical Regulations update: Socks, helmets and hydration packs all come under scrutiny Governing body clamps down on bike design, kit and clothing that can afford competitive advantage Pinarello Dogma 2012 UCI sticker.jpg Helmet covers like the one worn by Mark Cavendish when winning the road world championship, and shoe covers, as worn by most international track cyclists, are to be banned as world cycle racing’s governing body, the UCI, looks to tighten up equipment regula...