Lanvin Group Aims to Acquire Another Brand Next Year

(Bloomberg) ― China’s Fosun International Ltd. is on the hunt for an addition to its collection of fashion brands, which includes Lanvin and St. John Knits in a sign of luxury’s resilience despite high inflation and recession concerns.

First, Fosun aims to float Lanvin on the New York Stock Exchange via a blank-check company in October or November, said Joann Cheng, chairman and chief executive officer of Lanvin Group. A potential acquisition would come after that, “ideally later next year,” she said in an interview. “We’re not in a rush,” she said.