SHANGHAI — Hong Kong-based jewelers Chow Tai Fook reported revenues grew 63 percent in its first quarter ended June 30.
The group, which registered gains of 45 percent in its Mainland China stores and 85 percent in its Hong Kong and Macau stores, attributed the spike in revenue mainly to the increase in sales of gold products following a sharp decrease in the price of gold since April.
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)