Shang Xia

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.[2] 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.[3]

References

  1. ^ Zhang, Tianwei (2020-12-09). "Ferrari's Owner Exor Takes Majority Stake in Hermès' Shang Xia". WWD. Retrieved 2023-07-02.
  2. ^ a b "Why is fashion brand Shang Xia known as the 'Chinese Hermès'?". South China Morning Post. 2023-03-14. Retrieved 2023-07-02.
  3. ^ a b "Jiang Qionger of Hermès-backed Shang Xia brings Chinese aesthetics to the international stage". South China Morning Post. 2016-09-01. Retrieved 2024-06-19.
  4. ^ "Hermès brand Shang Xia to open first store outside of China". FashionNetwork.com. 2013-05-22. Retrieved 2024-06-19.
  5. ^ "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.
  6. ^ "Shang Xia Spring 2023 Ready-to-Wear Collection". Vogue. 2022-09-29. Retrieved 2023-07-11.
  7. ^ Diderich, Joelle (2021-09-22). "EXCLUSIVE: Shang Xia Names Yang Li as Fashion Creative Director". WWD. Retrieved 2023-07-11.
  8. ^ "Shang Xia Names Sophia Wu CEO". The Business of Fashion. 2022-07-15. Retrieved 2023-07-11.
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