Lanvin Group targets further acquisitions after its IPO

On Thursday, after an IPO that ultimately raised only $150 million, the international Lanvin group said it was aiming to acquire new houses and open numerous stores.

 

On Thursday, the Chinese Lanvin Group finally raised $150 million on the stock market. A smaller amount than the $544 million the Chinese luxury fashion conglomerate had planned to raise last March, through the listing via a SPAC, a special purpose acquisition company set up by Primavera Group.

 

On Thursday morning, however, U.S.-listed shares of Lanvin opened up about 4 % to $10.25 and more than doubled to $20.25 in early trading.

 

The market has changed a lot from a year ago when we started the process. However, we still feel very happy with what we have achieved in such a challenging environment,” said group CEO Joann Cheng in an interview with Reuters.

[…]

This article is reserved for subscribers.

Subscribe now !

Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters…

Already have an account ? Please log in.

Featured photo : ©Press

Tags

The editorial team
The editorial team
Thanks to its extensive knowledge of these sectors, the Luxus + editorial team deciphers for its readers the main economic and technological stakes in fashion, watchmaking, jewelry, gastronomy, perfumes and cosmetics, hotels, and prestigious real estate.

Subscribe to our Newsletter

Sign up now to receive sneak previews of our programs and articles!

Unlimited access to luxury news.

Discovery offer 1€ for 1 month!

Luxus Plus Newsletter