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":"989381244215c659cd30b7f3ada0c225","s":"95c8c794b985203f"}