Shanghai Tang
 | |
| Company type | Private |
|---|---|
| Industry | Fashion |
| Founded | Hong Kong (1994) |
| Founder | David Tang |
| Headquarters | |
Number of locations | 34 (2009) |
Area served | Worldwide |
| Owner | UTAN Group |
| Website | shanghaitang |
Shanghai Tang (Chinese: 上海灘; pinyin: Shànghǎi Tān) is a Hong Kong luxury fashion house founded in 1994 by Hong Kong businessman David Tang. The brand is known for its luxury homeware collection and fine bone china. In 1998, Richemont acquired David Tang's controlling stake in the business.[1][2]
David Tang stated that Shanghai Tang is a Chinese label that set out to rejuvenate Chinese fashion of the 1920s and 1930s.[3] The fundamental design concept is inspired by 1920s Cheongsam combined with the modernity of the 21st century. Shanghai Tang is noted for its use of Chinese culture and heritage in its product styling, branding and marketing.[4]
History
[edit]Early years
[edit]Shanghai Tang was partially inspired by Tang's desire to create a global brand that represented China, stating, "as Coca-Cola is American, as Mercedes is German, I think there should be something that is quintessentially Chinese".[5][6] After founding the China Club in 1991, Tang moved to incorporate his tastes of fusing Shanghainese design with modern style by forming Shanghai Tang in 1994.[7] Its original flagship location is on the ground floor of Pedder Building, Central, Hong Kong[8] and it is now dual-headquartered in Shanghai and Hong Kong.
Initially, Shanghai Tang was a fashion house for custom high-end tailoring, employing tailors from Shanghai who left during the Communist Revolution.[9] Tang expanded his business to sell ready-to-wear items in 1996.[10] The name Shànghǎi Tān (上海灘) literally means "Shanghai beach" and refers to the Shanghai Bund, and by extension Shanghai.
Expansion into a global brand, and resulting change
[edit]The late 1990s and early 2000s were marked by change for Shanghai Tang. Tang wanted to turn the company into a global brand, and so his Hong Kong location was followed by 24 outlets worldwide over the years, including Bangkok, Beijing, Honolulu, London, Miami, New York City (1997-1999[11]), Las Vegas, Madrid, Paris, Shanghai, Tokyo, Singapore and Macau. They are often located in well-known areas such as Singapore's Orchard Road, Bangkok's Sukhumvit Road, and Shanghai's Xintiandi.[2]
Shanghai Tang's first American store was opened in New York on November 21, 1997,[7] and in 1998, the Swiss company Richemont bought a controlling stake in the fashion house.[12] However, the New York store, located on Madison Avenue, closed in less than two years due to lower-than-expected sales, relative to the high rent.[2] The store was moved to a smaller venue in 2001.[13][2]
In 2001, Raphael le Masne de Chermont, from the parent company Richemont, was appointed CEO of Shanghai Tang.[14] In addition, Joanne Ooi joined the company as creative director the same year.[15] As the chief executive, Le Masne de Chermont wanted to figure out a way to cater to both the Chinese and international market, remarking, "[Shanghai Tang was] too dependent on Western people visiting Hong Kong, and we needed to transform the brand into something mainland Chinese wanted to buy".[16] As part of the strategy to revitalize Shanghai Tang, Ooi traveled across the country, taking notes on Chinese culture. She then picked themes based on her notes that formed the basis of the company's seasonal collections.[10] Le Masne de Chermont and Ooi opted to transform the brand from 1930s Shanghai, into a more contemporary style that retained its vibrant colours from previous designs (Heine & Phan 2013, p. 16).
Shanghai Tang helped design costumes for the 2004 Yonfan film Colour Blossoms, starring Teresa Cheung.[17]
As part of their focus on the Chinese market, Shanghai Tang created the Mandarin Collar Society in 2007.[18] It is an invitation-only club to promote shirts with a mandarin collar as standard work attire in Asia.[19] Ooi left Shanghai Tang by the end of the following year to work for a biotech company.[20]
Present
[edit]After 17 years, in October 2011, the company's 6,300-square-foot flagship store in Hong Kong's Pedder Building closed, with rising rents being cited as the main reason.[8] Shanghai Tang lost the space to American retailer Abercrombie & Fitch, who were prepared to pay two-and-a-half times the original rent.[21] As of 2023, there are three stores across Hong Kong as well as stores in Shanghai, Beijing, Singapore, Kuala Lumpur and other Asian cities, along with a string of Shanghai Tang cafes and restaurants in China.
In 2014 Shanghai Tang celebrated its 20th anniversary in Shanghai.[22]
In July 2017, Richemont sold Shanghai Tang to the Italian entrepreneur Alessandro Bastagli (Chairman of A. Moda) and the Hong Kong private equity fund Cassia Investments for an undisclosed amount.[23] Then in December 2018, the Chinese private equity firm Lunar Capital acquired Shanghai Tang for an undisclosed amount.[24]
In 2019, Shanghai Tang celebrated its silver jubilee by collaborating with Chinese artist Xu Bing on calligraphic artwork inspired by Shanghai Tang's vision.[25][26]
From 2020 onwards, Shanghai Tang became a core brand of UTAN Group, a leading Global luxury group with brands in art, culture and lifestyle. Commencing in 2023, Shanghai Tang began a large expansion strategy across Singapore, Shanghai, Beijing and other global cities. Shanghai Tang also launched its 2023 fall winter collection at Milan Fashion Week, and saw sales from its homewards and lifestyle products begin to surge with new collections in collaboration with leading Chinese contemporary artists.
Governance
[edit]Creative designers
[edit]- 2017-2018: Massimiliano Giornetti[27]
- 2018-2020: Victoria Tang-Owen[28] (daughter of the founder David Tang)
In the popular culture
[edit]In Wong Kar-Wai film In the Mood for Love, Maggie Cheung wore the Shanghai Tang’s signature qipao.[11]
See also
[edit]References
[edit]- ^ Chevalier, Michel (2012). Luxury Brand Management. Singapore: John Wiley & Sons. ISBN 978-1-118-17176-9.
- ^ a b c d Jana, Reena (2005-11-30). "China Goes Luxury". Bloomberg.
- ^ Broun, Samantha (6 April 2006). "Designing a global brand". CNN World. Archived from the original on October 26, 2012. Retrieved 2 June 2012.
- ^ Wu, Zhiyan; Borgerson, Janet; Schroeder, Jonathan (2013). "A Brand Culture Approach to Chinese Branding in the Global Marketplace". World Financial Review. Retrieved June 4, 2019.
- ^ O'clery, Conor (1997-12-27). "Oriental chic". The Irish Times. Retrieved 2019-03-31.
- ^ Dougherty, Steve (1998-05-11). "The Taste of Tang". PEOPLE.com. Retrieved 2019-03-31.
- ^ a b Hays, Constance L. (1999-08-19). "A Fashion Mistake On Madison Avenue; Humbling End for Shanghai Tang And Its Gaudy Take on Chinese Style". The New York Times. ISSN 0362-4331. Retrieved 2019-03-31.
- ^ a b "Abercrombie & Fitch Wins Hong Kong Retail Bidding War Over Shanghai Tang". Jing Daily. 2011-04-01. Retrieved 2019-03-31.
- ^ Chevalier, Michel (2010). Luxury China : market opportunities and potential. Lu, Pierre Xiao. Singapore: John Wiley & Sons (Asia). p. 45. ISBN 9781119199755. OCLC 775360857.
- ^ a b Tischler, Linda (2006-01-01). "The Gucci Killers". Fast Company. Retrieved 2019-03-31.
- ^ a b Deng, Huixin (2018-01-08). "The Rise and Fall (and Rise?) of Shanghai Tang". Jing Daily. Retrieved 2024-04-25.
- ^ Mulier, Thomas (2017-07-03). "Richemont Sells Shanghai Tang as China Prefers Foreign Swank". www.bloomberg.com. Retrieved 2019-03-31.
- ^ Balfour, Frederik (2007-04-17). "China Chic Comes Full Circle". www.bloomberg.com. Retrieved 2019-03-31.
- ^ Baxter, Andrew (2010-09-19). "Le mandarin de luxe: Shanghai Tang's chief executive shares his wisdom". Financial Times. Retrieved 2019-03-31.
- ^ Seno, Alexandra a (2008-07-23). "In a Hong Kong Flat, Customized Design and Storage". The New York Times. ISSN 0362-4331. Retrieved 2019-03-31.
- ^ Meagher, David (2014-03-07). "Shanghai Tang's new cachet". www.theaustralian.com.au. Retrieved 2019-03-31.
- ^ Crothers, Lauren (2004-10-13). "Shanghai Tang film fashion". South China Morning Post. Retrieved 2019-03-31.
- ^ Benitez, Mary Ann (2007-04-15). "Men's club collars trend in mandarin neckline". South China Morning Post. Retrieved 2019-03-31.
- ^ Loh, Larry (2010-04-02). "Mandarin Collar Society | CNN Travel". CNN Travel. Retrieved 2019-03-31.
- ^ Iorio, Karen. "Joanne Ooi '89 Is Willful Iconoclast | Columbia College Today". www.college.columbia.edu (Winter 2012-13 ed.). Retrieved 2019-03-31.
- ^ Li, Zoe (2011-10-07). "Shanghai Tang moves into Mongolian yurts in Hong Kong". CNN Travel. Retrieved 2019-03-31.
- ^ bloomberg.com Fashion Icon Shanghai Tang Celebrates 20th Anniversary October 22, 2014
- ^ "Richemont sells Shanghai Tang as China prefers foreign luxury". South China Morning Post. 2017-07-04. Retrieved 2024-04-25.
- ^ Zheng, Ruonan (2018-12-07). "Coming Home: Luxury Brand Shanghai Tang Acquired by Chinese Investment Fund". Jing Daily. Retrieved 2024-04-25.
- ^ Lim, Kelly (2019-07-29). "Xu Bing For Shanghai Tang Celebrates 25 Years Of Chinese Culture". Vogue Hong Kong. Retrieved 2019-10-31.
- ^ "STYLE Edit: How Xu Bing etches Shanghai Tang's vision". South China Morning Post. 2019-08-12. Retrieved 2019-10-31.
- ^ Ap, Tiffany (2017-12-12). "Massimiliano Giornetti Designs New Vision for Shanghai Tang". WWD. Retrieved 2024-04-25.
- ^ Ap, Tiffany (2020-11-18). "Shanghai Tang Creative Director Departs, Following CEO Exit". WWD. Retrieved 2024-04-25.
Further reading
[edit]- Heine, Klaus; Phan, Michel (April 2013). "A case study of Shanghai Tang: How to Build a Chinese Luxury Brand". Asia Marketing Journal. 15 (1): 1–22. ISSN 1598-7868.
- Wu, Zhiyan., Borgerson, Janet and Schroeder, Jonathan (2013), From Chinese Brand Culture to Global Brands: Insights from Aesthetics, Fashion and History, Basingstoke: Palgrave Macmillan. ISBN 978-1-349-44663-6.
External links
[edit]