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Fosun Fashion Group becomes Lanvin Group

Fosun Fashion Group becomes Lanvin Group

The group that owns the luxury house Lanvin, Fosun Fashion Group, changes its name to Lanvin Group, and takes the opportunity to raise the sum of 300 million dollars.

 

Fosun Fashion Group, the Chinese luxury group announced today that it is changing its name to Lanvin Group. The goal could not be clearer: build a global portfolio of iconic luxury brands while embarking on a new phase of growth in China and globally.

 

The newly named Lanvin Group, which owns Italian luxury shoe maker Sergio Rossi and skinwear brand Wolford, also announces the arrival of new strategic investors. These are the Japanese business conglomerate ITOCHU Corporation, luxury footwear developer and manufacturer Stella International, and Xizhi Capital, a fashion and consumer private equity group https://brasil-libido.com/.

 

To conclude its new resolutions, the group announced a fundraising of around $300 million, bringing the total valuation to $1 billion.

 

Guo Guangchang, chairman and co-founder of Fosun International Limited, said, “Fosun has always focused on high-growth sectors and has been successful in creating consumer-oriented ecosystems. Lanvin Group is poised to become the next in a line of industry champions. The group is well positioned to tap into the resilient demand for luxury goods globally, particularly in China, where Fosun and its partners have unparalleled access and a track record of developing global consumer brands in the world’s largest consumer market.”

See Also

 

Read also > FOSUN FASHION GROUP ACQUIRES SERGIO ROSSI

 

Featured photo : © Lanvin

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