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Richemont sells luxury brand Shanghai Tang

  • Region:

    Shanghai, Hong Kong, China

  • Sector:

    Retailing

  • Deal Size:

  • Buy Side Company:

    Cassia Investments
  • Sell Side Company:

    Richemont
  • Target Company:

    Shanghai Tang

A consortium led by Italian businessman Alessandro Bastagli and consumer-focused private equity fund, Cassia Investments, has acquired Chinese fashion brand, Shanghai Tang, according to DealStreetAsia. The seller was Swiss luxury group Richemont. Financial terms of the transaction were not disclosed.

Tags:

Buyouts, Hong Kong, Growth capital, China,private equity,PE deals,private equity deals,retail