Fosun International news and archive

Wolford transforms production to fight Covid-19

Austrian skinwear and hosiery specialist Wolford has successfully changed its entire production in its headquarters in Bregenz and factory in Slovenia from tights and bodies to face masks to support global efforts in fighting Covid-19. Since the beginning of March, Wolford’s production facilities have been working on “full speed” to produce face...

Business

Fosun close to Tom Tailor takeover, increases stake by over 30 percent

Tom Tailor Holding SE has decided to implement a capital increase of 10 percent against cash contribution with partial utilization of the approved capital. The company said in a statement that 3,849,526 new registered shares will be allocated directly and exclusively to Fosun International Ltd. With the exclusive allocation of the shares created...

People |UPDATE Featured

Lanvin appoints Bruno Sialelli as new Creative Director

Bruno Sialelli has been appointed to the role of Creative Director at Lanvin, confirming rumors which have been around since October. The relatively unknown designer, who used to serve as Menswear Designer Director at Loewe, will be Lanvin’s fourth Creative Director in four years. Prior roles include Pre-Collections Womenswear Designer at...

BusinessFeatured

Fosun completes acquisition of majority stake in Wolford

After Lanvin, Fosun International has successfully completed acquisition of the majority of shares in Wolford AG, the latter has announced. Following the acquisition of 50.87 percent of the shares from the previous majority shareholders, Fosun Industrial Holdings Limited, a group controlled by Chinese billionaire Guo Guangchang is now the new...

Business

Fosun International to invest over 100 mn euros in Lanvin

China’s Fosun International has won the race against Qatar’s Mayhoola for troubled French fashion brand Lanvin, which would see the former invest over 100 million euros (122.8 million dollars) in the label, reports Fashion Network, quoting sources familiar with the development. The agreement that got inked later on Friday will see Lanvin issuing...

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...