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":"3831c00b5fa26ce9141aaa58b1571228","s":"e4c82cccb3170634"}
Screengrab from Hermès' Chinese brand Shang Xia's Web site