You are here

Shanghai Tang sale fights against M&A current

Chinese qipao styles could become more popular in the West if Italian high-end textile entrepreneur Alessandro Bastagli has his way.

Hong Kong

AN Italian high-end textile entrepreneur is swimming against the global M&A current.

Alessandro Bastagli has purchased, with the help of a consortium, the Western-friendly fashion brand Shanghai Tang from the US$43 billion Swiss luxury giant Richemont. The deal, one...