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":"8dfa27ba3bac9b8e92c08ee7177b8a05","s":"204ee7775bc9adef"}
Screengrab from Hermès' Chinese brand Shang Xia's Web site