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":"e1fa15c793bc00d4d8777170c02a3605","s":"86c05ea9ce8a987b"}
Screengrab from Hermès' Chinese brand Shang Xia's Web site