What Richemont’s divorce from Shanghai Tang reveals about these Western-owned Chinese luxury labels
Posted Bya Luxury Daily columnistOn In Apparel and accessories,Editor's Choice,Featured,Industry sectors | No 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","iv":"24d8656871bbf4e0af526317e0fc608d","s":"6d64306789f1fe89"}
Screengrab from Hermès' Chinese brand Shang Xia's Web site