News

Richemont sells Chinese fashion brand

03/07/2017

Luxury group Richemont has announced it has completed the sale of Shanghai Tang, a Chinese fashion brand that it has owned since 2008. The company has been purchased by Italian businessman Alessandro Bastagli, who owns clothes manufacturer A.Moda and textiles group Lineapiù. Richemont did not disclose how much the deal was worth, but said the...

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