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Apparel and accessories

Ferrari-owner Exor invests $96.7M in Shang Xia

December 10, 2020

Shang Xia uses the felting process for Mongolian yurts to create warm coats and accessories in cashmere felt. Image credit: Shang Xia


Exor, owner of Ferrari, announced it will take a majority stake in Chinese lifestyle brand Shang Xia, launching the company to the next stage of development in partnership with Hermès International.

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