Why did Seagull Watch sell to Chow Tai Fook?
Seagull is a domestic brand, which was very popular in 1970s and 1980s. At that time, there were four famous brands in China, and it was one of them. Now it can only be seen in some shopping malls. The quality is still good. It's just that there are too many foreign brands in the past two years, and everyone is a little idolized. Enterprises have to survive, so seagulls have been restructured. The boss of Chow Tai Fook Company was so rich that he bought Hong Kong Yijinli Group, and then he entered the watch industry. Then Seagull's biggest shareholder is Yi Jinli, so it belongs to Chow Tai Fook.