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":"72a809a3adeb42bf8d4f516aea46a452","s":"e9b6c4ae6b993e45"}
Screengrab from Hermès' Chinese brand Shang Xia's Web site