Co-hosted by the China Institute and the China Beauty Charity Fund, the third annual gala honored designers, creatives and tastemakers of Chinese fashion.

In his new role as creative director, Massimiliano Giornetti’s fall collection for Shanghai Tang involved a blend of classic Milanese style with totems of the Far East.

Owner Alessandro Bastagli has big plans to reposition the brand.

The executive was a pioneer in forging a modern Chinese luxury aesthetic. 

Cartier’s parent has joined luxury groups in shaking up its business.

The Italian designer, who most recently worked for Shanghai Tang, died in Paris from complications during surgery.

Luxury industry observers said the sale proves there are no sacred brands at Richemont.

Retail, luxury stocks were also on the upswing.

Shanghai Tang was one of Richemont’s smallest brands.