Mumbai (Maharashtra), Jan. 14 -- : Jay Gems, a subsidiary of Renaissance Global, said on Tuesday it has signed an agreement with Lao Feng Xiang (LFX), one of the largest Chinese jewellery retailers, to launch Enchanted Disney Fine Jewellery in Mainland China.
The launch into China, the world's second biggest jewellery market, is a significant milestone for the Renaissance Global strategy of geographic diversification. "The increased distribution for the Enchanted Disney Fine Jewellery brand also represents significant growth for Renaissance's branded jewellery segment," it said in a statement.
Headquartered in Shanghai province, LFX has 166 years of continuous operation and annual revenue of more than 6.5 billion dollars. It operates over...