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":"b301337d92d074455782ab07352a33f0","s":"34051cb746fc22d1"}
Screengrab from Hermès' Chinese brand Shang Xia's Web site