What Richemont’s divorce from Shanghai Tang reveals about these Western-owned Chinese luxury labels
Posted By a Luxury Daily columnist On In Apparel and accessories,Editor's Choice,Featured,Industry sectors | No 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","iv":"b8c6aa65d566e3a0ea145c153764cd2d","s":"87c405cbac607701"}