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Coronavirus Threat: Chow Tai Fook Closes 40+ Stores in Hong Kong and Macau

The Hong-Kong based jeweller does not plan to lay off any staff at present
Chow Tai Fook store in Hong Kong
Credit: Iris Hortman

Hong-Kong based jeweller Chow Tai Fook has closed over 40 points of sale in Hong Kong and Macau over “the ongoing threat of the coronavirus”, IDEX Online reports.

 

Chow Tai Fook store in Hong Kong
Credit: Iris Hortman

 

In addition, the jeweller’s remaining stores will reduce their operating hours and will close at 7 pm. For the time being, Chow Tai Fook does not plan to fire staff, instead directing them to “take their annual leave or work in other stores”.

 

According to earlier reports, Chow Tai Fook has already closed nearly 80% of its stores in China, where IDEX Online reports it has over 3,600 points of sale.

 

Chow Tai Fook jewelry
Credit: Iris Hortman

 

Recently, the Hong Kong Trade Development Council (HKTDC) announced the postponement of the upcoming Hong Kong International Diamond, Gem & Pearl Show 2020 (originally scheduled for March 2-6) and the HKTDC Hong Kong International Jewellery Show 2020 (originally scheduled for March 4-8) to May 18-21, 2020. In its announcement, the HKTDC said that it is rescheduling the shows “in line with the measures taken by the Hong Kong SAR Government against the spread of the novel coronavirus […]”.



Tags: Diamonds News, Jewelry News, Diamond Jewelry News, Hong Kong News, Chow Tai Fook News

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