Swiss luxury group Richemont and the Chinese jewelry chain Chow Tai Fook have reportedly reached an agreement to establish a joint venture for the sale of high-end watches in mainland China.
Swiss watch manufacturer MB&F launched a new watch specialty store in Beijing's Yintai Centre in mid-October and will hold the opening ceremony and start formal operation this week.
With an investment of CNY350 million, the Hong Kong-listed Chinese watch and timepiece retail group Xinyu Hengdeli Holdings Limited has opened its first luxury watch flagship store in Taiwan.
Xinyu Hengdeli, a mainland China luxury watch retailer, has announced plans to open at least 26 new stores in the second half of 2008.
Cartier has opened a store in the Zhongxing Shenyang Commercial Building.
Baume & Mercier, a famous Swiss watch brand, opened its first China specialty store in Beijing's China Central Place last week.
Richard Mille, a world-class mechanical watch brand, has opened its first Shanghai specialty store in the jewelry corridor of Plaza 66.
Hong Kong's Sincere Watch Limited posted a record performance for the nine months ending December 31, 2007, with the group's nine-month sales performance of HK$574.7 million exceeding the group's sales for the entire 2007 fiscal…