Who would have thought that as gold prices surged to historic highs this year, with the highest price per gram surpassing 750 yuan, the “King of Gold Jewelry,” Chow Tai Fook, would falter? Recently released performance data from Chow Tai Fook showed that in just six months, the group reduced its jewelry stores in mainland China by 180.
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China’s Leading Gold Retailer Shuts 180 Shops in 6 Months as Gold Prices Spike, Closures Intensify
