Chow Tai Fook to Buy Hearts On Fire for $150 Million
June 18, 14![](/image_bank/NewsRoom_FullArticle/LogoBlue.png)
(IDEX Online News) –
Glenn Rothman
Chow Tai Fook said the Hearts On Fire brand and products were complementary to its existing brands and products and that the acquisition is in line with its strategies to optimize its product mix as well as its efforts to promote higher value products and to encourage repeat customer purchases.
The Hearts On Fire brand will continue to be sold via its existing sales network. In addition, it will also be sold through Chow Tai Fook’s distribution network in Greater China through “shop-in-shop” and “counter-in-shop” strategies, which it intends to implement within six months of completing the purchase.
Hearts On Fire was established in 1996 by Glenn and Susan Rothman. The company had net sales of about $104 million last year and $99.3 million in 2012.