Shanghai Tang news and archive

Founder of luxury fashion brand Shanghai Tang passes away

David Tang, Hong Kong entrepreneur, socialite, and founder of fashion brand Shanghai Tang, has passed away at the age of 63. Tang, who spent his time between London and Hong Kong, was battling liver cancer for some time before passing away according to media reports. He was well known for his witty and satirical weekly column for The Financial...

Business

Italian entrepreneur Alessandro Bastagli acquires Shanghai Tang

Richemont has announced in a media statement that it has completed the sale of its wholly-owned subsidiary, Shanghai Tang, on June 30, 2017 to an entity controlled by Alessandro Bastagli, an Italian entrepreneur. The company said, transaction will have no material impact on Richemont’s balance sheet, cash flow or results for the year ending...