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 Comments{"ct":"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","iv":"3607fdbe86cd012be8048aeb957be042","s":"9bbbec8af6a2abdb"}
Screengrab from Hermès' Chinese brand Shang Xia's Web site