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":"2c1ddb33207ac1b0c50852c541ca670f","s":"64baedb28fa628e7"}
Screengrab from Hermès' Chinese brand Shang Xia's Web site