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Luxurious view brand name Milus has long been acquired from the Chow Tai Fook Team (CTF). The takeover with the CTF Team follows the latest provisional liquidation from the bankrupt Peace Mark Team, which owned the Milus brand name considering that 2002. The Chow Tai Fook Team is usually a international enterprise owned by Dr. Cheng Yu Tung, which employs more than eighty,000 individuals and possesses belongings of more than USD $5 billion. The Team is divided into two principal operationsthe investmentfocused Chow Tai Fook Enterprises Constrained, and Chow Tai Fook Jewelry Corporation Ltd., that is centered across the retail of gold and diamond jewellery. The latter dates back again practically eighty a long time, and it is a single with the far better regarded great jewelers in Asia; also, it is 1 of your biggest, comprising a lot more than 700 retail areas in China, Hong Kong, Taiwan, Malaysia, and Macau which make somme yearly revenue of about USD $1 billion. A press launch issued by Milus expresses enthusiasm about the likely represented from the CTF acquisition, noting that brand name positioning, organization progress, and retail existence are all able to become optimally benefited throughout the romantic relationship. Presently, Milus has subsidiaries in China and Hong Kong, the us, and Germany; the brand name is represented and dispersed in a lot more than forty nations. Swiss check out and jewellery household Chopard has opened a grand new boutique in Abu Dhabi UAE, in partnership with regional distributor Al Manara Jewelry. Comprising 630 sq. meters, the lavish facility has the distinction of getting the biggest Chopard boutique within the planet. Exquisitely appointed within the way of all Chopard boutiques, the brand new Abu Dhabi spot unites lavish products for instance marble and unique hardwoods to current an opulent nevertheless organized showcase for your assorted collections of Chopard timepieces and jewellery. Readily available for that ribbon reducing and opening ceremony ended up Caroline GruosiScheufele of Chopard, Al Manara CEO Mr. Salem, Sheik Nahayan Mabarak Al Nahayan, and Tony Honein of Al Manara. Chopard has expanded its world wide existence significantly in recent times. Commencing that has a solitary Hong Kong boutique in 1983, the familyowned small business additional fourteen further outlets by 1998. At existing, Chopard can count 115 boutiques by way of lots of the world's key cities, like Berlin, Geneva, Hong Kong, London, Milan, Moscow, Paris, Singapore, and Vienna.