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":"ef37c9eaac481df7b1cc1dbc0186728e","s":"80915bf0c028a63c"}