Shang Xia Explained

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 was founded in 2010 as a joint collaboration between Hermès Group and Chinese designer Jiang Qiong-er.[2] The brand's first bag, the Lan Yue, was a leather-textured imitation of a bamboo bowl. Its Da Tian Di chair is a reinterpretation of the Ming dynasty furniture style.[3]

Shang Xia opened its first store outside of China, in Paris, in 2013.[4]

In December 2020, Exor invested around €80 million in Shang Xia,[5] and in 2021, Exor became the majority owner.[6] In the same year, Yang Li was appointed its fashion creative director.[7] Shang Xia presented its first collection at the 2021 Paris Fashion Week.In 2022, Sophia Wu, who was Shang Xia's chief operating officer, was promoted to CEO.[8]

Etymology

Shang Xia (Chinese: 上下) means 'up and down' in Chinese.

Notes and References

  1. Web site: Zhang . Tianwei . 2020-12-09 . Ferrari's Owner Exor Takes Majority Stake in Hermès' Shang Xia . 2023-07-02 . WWD . en-US.
  2. Web site: 2023-03-14 . Why is fashion brand Shang Xia known as the 'Chinese Hermès'? . 2023-07-02 . South China Morning Post . en.
  3. Web site: 2016-09-01 . Jiang Qionger of Hermès-backed Shang Xia brings Chinese aesthetics to the international stage . 2024-06-19 . South China Morning Post . en.
  4. Web site: 2013-05-22 . Hermès brand Shang Xia to open first store outside of China . 2024-06-19 . FashionNetwork.com . en-WW.
  5. Web site: EXOR INVESTS IN SHANG XIA PARTNERING WITH HERMÈS TO TAKE THE CHINESE LUXURY COMPANY TO THE NEXT STAGE OF ITS DEVELOPMENT . 2021-01-28 . 2021-02-01 . https://web.archive.org/web/20210201163836/https://www.exor.com/press-releases/2020-12-09/exor-invests-shang-xia-partnering-hermes-take-chinese-luxury-company-next#:~:text=Exor%20will%20invest%20around%20%E2%82%AC,becoming%20the%20company's%20majority%20shareholder.&text=The%20investment%2C%20that%20is%20expected,%E2%82%AC80%20million%20for%20Herm%C3%A8s. . live .
  6. Web site: 2022-09-29 . Shang Xia Spring 2023 Ready-to-Wear Collection . 2023-07-11 . Vogue . en-US.
  7. Web site: Diderich . Joelle . 2021-09-22 . EXCLUSIVE: Shang Xia Names Yang Li as Fashion Creative Director . 2023-07-11 . WWD . en-US.
  8. Web site: 2022-07-15 . Shang Xia Names Sophia Wu CEO . 2023-07-11 . The Business of Fashion . en.

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