Sunday, 9 July 2017

What Richemont’s divorce from Shanghai Tang reveals about these Western-owned Chinese luxury labels

The fundamental design concept of Shanghai Tang unfortunately did not resonate with the rising Chinese millennial consumers who, in recent years, have shown that they clearly prefer Western luxury brands.

from Apparel and accessories – Luxury Daily https://www.luxurydaily.com/what-richemonts-divorce-from-shanghai-tang-reveals-about-these-western-owned-chinese-luxury-labels/
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