Richemont-owned luxury brand Shanghai Tang sold to Italian entrepreneur Alessandro Bastagli. Richemont, the Swiss luxury goods group, announces that it has completed the sale of luxury brand Shanghai Tang to a consortium of investors led by Italian entrepreneur Alessandro Bastagli. For its financial year ended 31 March 2017, Richemont reported sales of € 10 647 … Read more
Hermes luxury handbags and silk scarves were sold in 2011 like hotcakes. Hermes reported a record year in 2011 with a 40.9-percent rise in net profit which helped push up its shares 3.01 percent in early trading, informs AFP. Hermes reported record sales, and a net result of 594.3 million euros ($787 million). The luxury … Read more
French luxury group Hermès plans to open a shop of its brand “Shang Xia” in the district of Saint-Germain-des-Prés by the end of the year. To date, the brand operates in Shanghai where it was launched in late 2010. Shang Xia in Paris will open at a highly prized strategic location, not to disorient the … Read more
Hermes launches luxury limited edition Indian saris Indian women may wear Western dress to the office during the day but for weddings and other formal occasions they often prefer to wear saris, reflecting the strong pull of tradition. Part of Hermes effort to connect to India’s culture and to the tradition of elegance of Indian … Read more