Shanghai Tang
Central · Founded 1994
About Shanghai Tang
Swiss luxury group Richemont has sold Shanghai Tang, the Chinese fashion brand, to Shanghai Tang Group Limited, a business jointly owned by Alessandro Bastagli, a prominent Italian businessman, a private equity firm based in Hong Kong and LuxLab Limited, a subsidiary of Eaton Gate Capital Partners. Richemont first acquired a stake in Shanghai Tang in 1998 before taking full ownership a decade later. When Richemont bought Shanghai Tang from Sir David, the company was focused on marketing traditional-style Chinese outfits to foreign travellers passing through Hong Kong, with few sales to local customers. Since then it had expanded to 23 stores and has attempted to appeal to a wider customer base, although many Shanghai Tang shirts still feature a mandarin collar, a style common in Asian apparel in the 19th century. It has sought to position itself as a leading luxury brand within China, home to the world’s largest luxury market
Company Facts
- Founded: 1994
- Legal name: Shanghai Tang Group Limited
- Operating status: Acquired
- Company type: For Profit
- IPO status: Private
- Employees: 251 – 500
- Estimated revenue: $1K – $10K
- Funding stage: M&A
- Last round: Private Equity (Jun 2017)
- Website: shanghaitang.com
- Phone: (852) 2839 0824
Social Profiles
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