Fosun Luxury Arm Lanvin Plans New York SPAC Debut

What’s new: Lanvin Group, the luxury arm of Shanghai giant Fosun International Ltd., is looking to raise up to $544 million through a SPAC listing in New York, as it seeks to fund growth in China and North America.

The group, which owns French high fashion house Lanvin, Italian shoemaker Sergio Rossi, Austrian designer Wolford and other luxury marques, said it would combine with special-purpose acquisition company (SPAC) Primavera Capital Acquisition Corp. — an affiliate of Chinese investment firm Primavera Capital Group — which hit the New York Stock Exchange early last year.