Established in 1994 in Hong Kong by David, Shanghai Tang was the first contemporary luxury brand from China. Its modern and sophisticated range of men’s and women’s clothing, accessories and home decorations combine the style and heritage of the orient with western design influences. With over 30 boutiques, mainly in Asia, Shanghai Tang also has a presence in London and Miami.
Switzerland-based luxury brand Richemont took David's controlling stake in 1998 and acquired 100 per cent ownership in 2008. In June this year, Richemont announced the sale of Shanghai Tang to an entity controlled by Alessandro Bastagli, an Italian entrepreneur.
During an interview with the Financial Times in 2010, David had said that he would like to be remembered by a Hilaire Belloc quote: "When I am dead, I hope it may be said: His sins were scarlet, but his books were read." (RR)
ALCHEMPro News Desk – India
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