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What is the relationship between Chow Tai Fook, Chow Sang Sang and Chow Tai Sang? Why are the names so similar?

This friend, Chow Tai Fook, Chow Sang Sang, and Chow Tai Sang are all listed companies. In front of the numerous jewelry brands, discussions about jewelry brands such as Chow Tai Fook, Chow Sang Sang, Chow Tai Sang, Luk Fook, and Saturday Fook have been very popular. This is because these brands have relatively high market visibility, and secondly, the brand names are similar, making it easy to misremember and confuse them.

Through the above table, we can see that the brand founders of Chow Tai Fook, Chow Sang Sang, and Chow Tai Sang are indeed all named Zhou, but there is no special "relative relationship" between them. The creation time of each brand There are pros and cons. Chow Tai Fook, Chow Sang Sang, and Chow Tai Sang are all listed companies, and the strength of their brands is evident.

Among them, Chow Tai Fook is the world's largest pure jeweler by market value. It has more than 2,100 retail stores in Greater China, Singapore, Malaysia and South Korea, covering more than 480 cities, and ranks first in the market in annual sales. .

Chow Taisheng, with nearly 2,500 stores across the country, is a well-deserved jewelry chain giant. According to relevant information, the market share of the "Chow Dasheng" brand has ranked among the top three in the domestic jewelry market in the past three years, and the brand has outstanding market competitiveness.

Chow Taisheng is also one of the top ten diamond importers in China, and the only one among them that specializes in retail diamond importers. Zhou Taisheng has been awarded the "China's 500 Most Valuable Brands" by the World Brand Lab for seven consecutive years. The brand value has increased from 7.525 billion yuan in 2011 to 30.158 billion yuan in 2017, ranking first among mainland jewelry brands. Top three.

According to statistics, Chow Tai Fook, Lao Fengxiang, and Chow Tai Seng rank among the top three brands in China’s domestic jewelry market, with a total brand market share of 18.60.

All luxury goods industries around the world, such as jewelry, luxury cars, perfumes, leather bags, red wine, etc., are actually mostly "family-owned businesses". The relatively low-tech craftsmanship and business model have made this industry It is relatively closed and its development is relatively stable.

In the future, the competitive situation of Chinese jewelry retail brands will be intertwined, complementary and competing with each other. It is difficult to have one business model that can dominate the world in the short term.