Glow comes off Chow Tai Fook sales

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Jewellery giant Chow Tai Fook saw its sales values across the board experience a year-on-year decline for the last three months of 2016 for its Hong Kong and Macau operations, according to the group’s filing with the Hong Kong Stock Exchange. Growth in retail sales value fell by 6 per cent year-on-year for the SARs, contrasting values seen on the Mainland, for which the group saw 7 per cent year-on-year growth. No figures for revenue or profit were provided in the filing.