Fosun Fashion Group news and archive

Fosun Fashion Group rebrands and Lanvin gets new investors

Global luxury fashion company Fosun Fashion Group has rebranded to "Lanvin Group". Lanvin, which has been part of the company’s portfolio since 2018, is the oldest operating French luxury couture fashion house. The rebranding to Lanvin Group gives the company name obvious affiliation with an internationally recognized fashion brand as it works...

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Business

Fosun Fashion Group buys Caruso’s debt

Italian luxury menswear brand Caruso has reached an agreement with its parent group, Fosun Fashion Group (FFG), and its creditors to gain some liquidity to recover from the pandemic’s impact. The Chinese group is buying back the designer company’s financial debts at a discounted price, providing Caruso with a capital increase. The financial...

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BusinessFeatured

Sergio Rossi acquired by the Fosun Fashion Group

China’s Fosun Fashion Group, which owns Lanvin, has acquired 100 percent of the Italian luxury shoemaker Sergio Rossi from Absolute Luxury Holding S.r.l., an independently-managed investment subsidiary of Investindustrial. In a statement, Fosun Fashion Group (FFG) said that it was commented to continuing the growth of Sergio Rossi as “one of the...

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People

Lanvin CEO to step down after 18 months in position

Jean-Philippe Hecquet — the chief executive officer of Lanvin — will step down from his role. He leaves the role after taking the reins of the fashion house in 2018. As the brand looks for the Hecquet’s predecessor, the chairman of Lanvin’s parent Fosun Fashion Group and head of the board of directors of Lanvin, Joann Cheng, will assume the...

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Business

Fosun Fashion Group seeks to raise capital

Lanvin's Chinese owners, Fosun Fashion Group, are seeking to sell a stake in its fashion unit to outside investors to raise capital. The news was reported by Business of Fashion. The company is seeking to raise 100 million dollars and has piqued the interest of several Asian family offices. The majority of the details around any potential...

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Retail

Wolford eyes aggressive expansion in China through Fosun

Wolford AG is relying on Fosun Fashion Brand Management Company (FFBM) as its new partner to manage the company’s brand identity in the important Chinese market which features a steadily growing class of luxury-oriented consumers. The company announced through a statement that after Wolford’s success in expanding its presence Hong Kong and...

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Business

China's giant 'Unicorn' Fosun races for more deals

A string of overseas investments has shone a new spotlight on Chinese conglomerate Fosun, after the mysterious disappearance -- and re-emergence -- of its tycoon chairman rattled investors. In the space of three days last week, the Shanghai-based company bought a stake in an Indian drugmaker for 1.26 billion US dollars , acquired a Brazilian...

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Business

China's giant 'Unicorn' Fosun races for more deals

A string of overseas investments has shone a new spotlight on Chinese conglomerate Fosun, after the mysterious disappearance -- and re-emergence -- of its tycoon chairman rattled investors. In the space of three days last week, the Shanghai-based company bought a stake in an Indian drugmaker for 1.26 billion US dollars , acquired a Brazilian...

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