Lanvin bought by Chinese conglomerate
9 monthes ago - By Drapers
French luxury fashion house Lanvin has been bought by Chinese conglomerate Fosun for an undisclosed sum.
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Lanvin Faces Slow Turnaround After Fosun Acquisition
9 monthes ago - By WWD
PARIS - Analysts on Thursday welcomed Fosun International's acquisition of Lanvin as a positive development for the cash-strapped French luxury brand, but they cautioned the Chinese conglomerate will need to be patient before seeing the effects of any turnaround plan.
The companies said Thursday that Fosun has acquired a majority stake in Lanvin, confirming a report in WWD on Feb. 12 that the Chinese firm beat Qatari rival Mayhoola Group to win control of the label, which is facing a liquidity crisis.
The sale agreement leaves the current shareholders, Taiwanese media magnate Shaw-Lan Wang...
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