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":"4215248dac82d6df18a44be1f0261187","s":"9ed59ca9f0259835"}