The Hong Kong-headquartered Luk Foo Group has followed its arch-rival Chow Tai Fook in revealing plans to close stores in the main tourist areas – however the business is seeing growth opportunities in Macau.
“The group will reduce the number of shops in areas which are considerably impacted by the social incidents in Hong Kong, and search for opportunities for opening new shops in Macau market,” – Wai Sheung Wong, Chairman
