Business in Vancouver
[Photo: Chow Tai Fook Richmond store’s opening ceremony took place on Wednesday, attended by Mayor Malcolm Brodie and councillor Bill McNulty]
Hong Kong-based Chow Tai Fook, the world’s fourth-largest jewelry brand, has entered the Canadian market with a location in Richmond Centre.
The brand, founded in 1929 in Guangzhou, China, has about 7,400 shops, mainly in Asia, and is worth more than US$16 billion, offering gold, white gold and diamond jewelry products.
Po Liu, general manager for Chow Tai Fook H.K., Macau & Overseas, said at Wednesday’s grand opening the company chose to expand to Canada and selected Richmond as the location after seeing a large demand for jewelry. …