Fosun Stitches Together Fashion Empire With Stake in Lanvin
French couture house Lanvin is the latest luxury asset to be added to Chinese investment giant Fosun International’s fashion unit, which has recently been set up to manage the company’s expanding portfolio of fashion brands. Photo: VCG
Chinese investment giant Fosun International Ltd. and its subsidiaries have acquired a majority stake in French luxury couture house Jeanne Lanvin SAS, another fashion acquisition by the group as it continues to grow its holdings in the industry.
The deal involved a total consideration of 120 million euros ($148 million), according to a statement from legal firm DLA Piper that advised Fosun on the deal.
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