Chow Tai Fook rescues Peace Mark

December 18, 2008 | BY

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Chow Tai Fook Group has acquired the luxury watch retail operations, mid-range retail stores, and movement manufacturing businesses of Peace Mark, which…

Chow Tai Fook Group has acquired the luxury watch retail operations, mid-range retail stores, and movement manufacturing businesses of Peace Mark, which entered provisional liquidation in September 2008, for HK$505 million (US$65 million).

Fried, Frank, Harris, Shriver & Jacobson represented Chow Tai Fook Group, in association with Huen Wong & Co. Lovells represented the provisional liquidator.

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