Hong Kong: Cassia Investments acquires luxury brand Shanghai Tang

Hong Kong: Cassia Investments acquires luxury brand Shanghai Tang

Image from Shanghai Tang's Facebook page.

Cassia Investments, a consumer-focused private equity (PE) fund, has partnered with Italian fashion entrepreneur Alessandro Bastagli to acquire Shanghai Tang from Swiss luxury group Richemont (Compagnie Financiere Richemont). Financial terms of the transaction were not disclosed.

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