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JCK reported yesterday that China’s Chow Tai Fook will buy the assets of privately held Hearts on Fire Company LLC for $150 million in cash.
JCK reported yesterday that China’s Chow Tai Fook will buy the assets of privately held Hearts on Fire Company LLC for $150 million in cash.
As quoted in the market news:
Chow Tai Fook owns 2,077 jewelry points of sale in Hong Kong and China. In its latest fiscal year, it did approximately $10 billion in business ($77 billion HKD). It is also a major manufacturer and wholesaler with a De Beers sight.
Hearts On Fire will be run as a stand-alone division under current management and stay in its Boston office, with Rothman staying as CEO, he says.
Click here to read the full JCK report.