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":"1bbc21fee7dc69b2c9ecea499b3fd8c0","s":"51a58f3f9b994c90"}
Screengrab from Hermès' Chinese brand Shang Xia's Web site