Co-hosted by the China Institute and the China Beauty Charity Fund, the third annual gala honored designers, creatives and tastemakers of Chinese fashion.
Owner Alessandro Bastagli has big plans to reposition the brand.
Cartier’s parent has joined luxury groups in shaking up its business.
Luxury industry observers said the sale proves there are no sacred brands at Richemont.
Shanghai Tang was one of Richemont’s smallest brands.