Magazine article Management Today

You Live and You Learn: Sir David Tang, Founder of Luxury Retailer Shanghai Tang

Magazine article Management Today

You Live and You Learn: Sir David Tang, Founder of Luxury Retailer Shanghai Tang

Article excerpt

At university, I studied philosophy, then I went to law college. My grandfather said being a philosopher was pointless and that he'd buy me a flat if I became a lawyer.

I didn't like law. Every client had a problem, and I didn't want to listen to people's problems; I had enough of my own. I had lost my flat in a casino. I won it back. Then I lost it again on the horses.

My family were refugees and by nature entrepreneurial. My grandfather started a bus company. Luck and being in the right place at the right time are the most important things for succeeding in business.

I started Shanghai Tang in 1994. In 1998 I sold a 40% stake to Richemont and the rest in 2006. I couldn't cope with them. Its founder, Johann Rupert, was one of my oldest friends, but all his lieutenants were ghastly. Entrepreneurs should never work with big corporations.

I can't stand red tape. The Government has got to encourage start-ups, and the rich of Britain need to invest more in them. I help 10 people a day.

You'd be foolish not to go east now. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.