Shang Xia is a Chinese brand which produces handbags, shoes, clothing, and furniture.[1] It is majority-owned by Dutch holding company Exor NV.

History

Shang Xia (Chinese: 上下) was founded in 2010 as a joint collaboration between Hermès Group and Chinese designer Jiang Qiong-er.[2]

In December 2020, Exor invested around €80 million in Shang Xia,[3] and in 2021, Exor became the majority owner.[4] In the same year, Yang Li was appointed its fashion creative director.[5] Shang Xia presented its first collection at the 2021 Paris Fashion Week.[2] In 2022, Sophia Wu, who was Shang Xia's chief operating officer, was promoted to CEO.[6]

References

  1. ↑ Zhang, Tianwei (2020-12-09). "Ferrari's Owner Exor Takes Majority Stake in Hermès' Shang Xia". WWD. Retrieved 2023-07-02.
  2. 1 2 "Why is fashion brand Shang Xia known as the 'Chinese Hermès'?". South China Morning Post. 2023-03-14. Retrieved 2023-07-02.
  3. ↑ "EXOR INVESTS IN SHANG XIA PARTNERING WITH HERMÈS TO TAKE THE CHINESE LUXURY COMPANY TO THE NEXT STAGE OF ITS DEVELOPMENT". Archived from the original on 2021-02-01. Retrieved 2021-01-28.
  4. ↑ "Shang Xia Spring 2023 Ready-to-Wear Collection". Vogue. 2022-09-29. Retrieved 2023-07-11.
  5. ↑ Diderich, Joelle (2021-09-22). "EXCLUSIVE: Shang Xia Names Yang Li as Fashion Creative Director". WWD. Retrieved 2023-07-11.
  6. ↑ "Shang Xia Names Sophia Wu CEO". The Business of Fashion. 2022-07-15. Retrieved 2023-07-11.


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