What Richemont’s divorce from Shanghai Tang reveals about these Western-owned Chinese luxury labels
Posted By a Luxury Daily columnist On In Apparel and accessories,Editor's Choice,Featured,Industry sectors | No 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","iv":"e9126e280122102331baa3c23d5c9f31","s":"2f20da4c3e7ffe80"}
Screengrab from Hermès' Chinese brand Shang Xia's Web site