Gold shines as Chow Tai Fook revenue climbs 26%

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Hello Kiity and Angry Birds jewels to widen retailer’s customer base.

Chow Tai Fook Jewellery Group has announced its latest financial results, with revenue up 26% in the third quarter of fiscal 2014, driven by sales of gold jewellery and products.

According to a statement released on the Hong Kong Stock Exchange, the company’s mainland China sales grew 34% in the three month period to December 31 2013, while its Hong Kong and Macau sales climbed 18%.

The retailer, which last year avoided being fined in a Chinese gold price fixing scandal, said that gold products remained its best-sellers, accounting for 57% of its total revenue.

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According to Reuters, the jeweller is planning to broaden its customer base by focusing more affordable collections with Hello Kitty and Angry Birds themes, as well as on online sales.
 

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