HONG KONG — Chow Tai Fook, the largest jewelry retailer in the world by market value, posted a 90 percent increase in net profit for the six-month period ended Sept. 30, boosted by strong sales of gold products and improved consumer sentiment in Mainland China.
The Hong Kong-based company posted net profit of 3.6 billion Hong Kong dollars, or $464.37 million, for the first half of the 2013/2014 fiscal year. Revenue rose 48.5 percent to 37.7 billion Hong Kong dollars, or $4.8 billion.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)