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Luxury

Swiss luxury goods group sells Shanghai Tang

July 3, 2017

By News Team

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

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