Chow Tai Fook is a HongKong based jewelry company that has already spread in different parts of Asia. It has more than 1,500 branches already. This company is said to be one of the biggest companies for producing jewelry made from gold. Thus, it has significantly contributed in the skyrocket of the Chinese economy. In fact, this company remains to be very popular these days. However, according to latest reports, it has not met the actual revenues that it is supposed to have by the year 2010. Yet, given what they have established, it is said that Chow Tai Fook will bounce back in no time.
Cheng Yu- tung is the owner of Chow Tai Fook. He boasts a total of $9 billion in his fortune. He is also considered as one of the richest men in the world, according to the Forbes ranking. Chow Tai Fook has also posted average revenue of about $4.5 billion within the last 12 months. This is slightly higher than Tiffanyís annual sales of only $3.09 billion. Well, given its market as well as its strategies in reaching out to as many people as possible, Chow Tai Fook remained to be one of the most successful companies in the world of jewelry these days.
Recent news also states that Chow Tai Fook is planning to sell 1.05 billion shares of the company. This is roughly 10.5% of the total shares, at a cost of 15-21 HongKong dollars. This will raise about 2.8 billion. The company has a lot of plans when it comes to expansion as well as in making the most out of the company that they have started. The growing number of branches as well as the countries where Chow Tai Fook can be found is also a sign that this company is really growing tremendously.
Based on trends, China is really among the leading consumers of gold in the whole world. They have up to 20% of the entire share. This number continues to grow in time. This only means that on their Chinese market alone, Chow Tai Fook has been doing very well already. Of course, this company has also extended to several parts of Asia. Thus, the number is even more significant today. They have also made their services better following the jewelry trends of the world today. Thus, we can expect more from Chow Tai Fook in the coming years.
Indeed, this company has revolutionized the global economy in a major way. Its revenues and its appeal to the people are so significant that it can really pull a major impact on the economy of the world. Well, given how this company is being managed as well as the way people anticipate what they have got to offer, Chow Tai Fook might remain on the lead for the next few years. Most of all, its dedication in providing the best to the people will certainly be admired. Thus, the number of individuals who are interested in buying what Chow Tai Fook can offer will continue to increase over the years.