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Shanghai Tang founder David Tang passes away
01
Sep '17
Courtesy: Shanghai Tang; David Tang
Courtesy: Shanghai Tang; David Tang
David Tang, the founder of luxury fashion brand Shanghai Tang, passed away on August 29, 2017. The 63-year-old Hong Kong businessman and socialite was battling with liver cancer for quite some time now, according to British media reports. Born in Hong Kong, David moved to England at the age of 13. He is survived by two children and wife Lucy Tang.

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)

Fibre2Fashion News Desk – India


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