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Six years after acquiring Shanghai Tang - previously owned by Richemont - the firm's investors share plans for the niche luxury brand's future.
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Shanghai Tang's 30 Years of History on View at Hong Kong's PMQ - MSNIn 1997, Shanghai Tang's global expansion included the landmark opening of its flagship on Madison Avenue in New York. A year later, Richemont acquired a majority stake in the company.
When David Tang launched his brand Shanghai Tang in 1994 the world was very different. The concept of a Chinese luxury brand—or even one that fluttered on the verge of high-end—was unmentionable.
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