Chow Tai Fook 3Q sales fall 11% amid Hong Kong slump

Chow Tai Fook reported group retail sales dropped 11 per cent year on year in the third quarter that ended December 31 as fewer tourists from mainland China visited Hong Kong and on account of weaker local retail sentiment in Hong Kong and Macau. Same-store sales at the Hong Kong-listed group dived 15 per cent in value terms and slid 13 per cent on a volume basis Read More