Would you want your daughter wearing pyjamas stuffed with cigarettes ? Well the company Compagnie Financière Richemont SA that bought Shanghai Tang from its Cuban cigar aficionado owner made all their money from that pernicious product.
The following companies are wholly owned subsidiaries of Compagnie Financière Richemont SA
Alfred Dunhill Limited — a brand extension of the tobacco product name - men's clothing, watches and leather goods; based in London, United Kingdom
Baume & Mercier SA — watches; based in Geneva, Switzerland
Société Cartier — jewelery and watches; based in Paris, France
Chloé International — women's clothing; based in Paris, France
IWC International Watch Co. AG — watches; based in Schaffhausen, Switzerland
James Purdey & Sons Limited — firearms, ammunition; based in London, United Kingdom
Lancel Sogedi — leathergoods; based in Paris, France
Lange Uhren GmbH — watches; based in Glashütte, Germany
Maison Azzedine Alaïa — women's fashions; based in Paris, France
Manufacture Jaeger-LeCoultre SA — watches; based in Le Sentier, Switzerland
Manufacture Roger Dubuis SA (60%) — watches; based in Geneva, Switzerland
Montblanc – Simplo GmbH — writing instruments and watches; based in Hamburg, Germany
The Net-a-Porter Group Limited — clothing sold via the Internet; based in London, United Kingdom
Officine Panerai Marketing e Communicazione Srl — watches; based in Florence, Italy
Piaget SA — jewelery, watches; based in Geneva, Switzerland
Shanghai Tang — men's and women's fashions; based in Hong Kong, China
Vacheron Constantin SA — watches; based in Geneva, Switzerland
Van Cleef & Arpels SA — jewelery, watches; based in Paris, France

Due to changes in the tax laws of Luxemborg, Richemont decided to spin-off all of its non-luxury goods businesses, principally Richemont's 23% stake in British American Tobacco, into a newly formed, separately traded holding company, Reinet Investments S.C.A.