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":"5deef05ce2485d54f14f3f194bb80896","s":"fca26fac703020f1"}
Screengrab from Hermès' Chinese brand Shang Xia's Web site