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Fosun increases shareholding in Wolford to 58 percent

London - Fosun Industrial Holdings Limited, the group controlled by Chinese billionaire Guo Guangchang, has increased its majority holding in Wolford AG. Following its acquisition of 50.87 percent of the shares from the company’s previous majority shareholders earlier this month, Fosun takeover offer to acquire all outstanding shares in Wolford...

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Business

Mayhoola and Balmain CEO confirm takeover

London - Mayhoola, private investment firm and parent company of fashion house Valentino, has confirmed together with the Chief Executive Officer of Balmain its acquistion of the Parisian fashion house. Balmain confirmed news of the deal on Wednesday following several news reports of an immediate deal on the cards. The closing of the deal, which...

Fashion

3.7bn euros have sealed LVMH’s take over Bulgari

3.7bn euros has been the price agreed between the two luxury giants to share their forces. The Bulgari Family, majority shareholder of the jewellery house, has decided to join forces with the LVMH Group, which will be buying 50.4% of Bulgari, issuing 16.5 million shares in exchange for 152.5 million shares held by the Bulgari family. The French...