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Tang: Shanghai on Madison. (David Tang owner of Shanghai Tang specialty store, Madison Avenue, New York, NY)
WWD
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March 25, 1997|
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COPYRIGHT 1997 Conde Nast Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.
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NEW YORK -- Friday was a good day for David Tang.
The Hong Kong-based entrepreneur found a space for his Shanghai Tang specialty store at 667 Madison Avenue and sewed up the financing for the project.
"I just now got the money that I need to open the store," Tang said in an interview from his suite at the Sherry Netherland hotel here. "I got the money from my shareholders."
Richemont, the South African company that controls the Vendome Group, which owns Cartier, Montblanc, Karl Lagerfeld and Chloe, is the principal investor in Shanghai Tang in the U.S.
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