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":"a89a3fd227c13882841bfea183544359","s":"c81e00e7a8b4d9eb"}
Screengrab from Hermès' Chinese brand Shang Xia's Web site