Fashion
Fosun Group buys 35 percent stake in Caruso
An investment fund managed by Chinese Fosun International Ltd. has announced the acquisition of a 35 percent stake in Caruso Spa. Fosun has chosen the Italian label as its first investment in the luxury sector in Europe as Guo Guangchang, chairman and founder of Fosun Group said in a note: “we are interested in investments linked to the secular...
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