Luk Fook Expands San Francisco Presence

RAPAPORT… Luk Fook has opened its second retail store in San Francisco’s
Chinatown, as the Hong Kong-based jeweler continues to target Chinese expats around
the world.



The retailer, which has had a presence in North America
since 2003, launched the outlet in a ceremony on September 2, it said Thursday.
The
company has 1,500 stores in nine countries, mainly in Hong Kong and mainland
China, as well as several across the Far East and Australia. It also has two
stores in New York, one in Toronto and one in Vancouver.


The jeweler has been “well received and supported by
overseas Chinese customers,” said Wong Wai Sheung, Luk Fook’s chairman and CEO.
The company aims to offer an “unparalleled shopping experience to Chinese
customers around the world, and further expand [its] market overseas,” the
executive added.