with contributions from Ashley Cheung
 on January 5, 2010

PARIS — Lanvin’s parent Arpège SAS, which last November sold a 12.5 percent stake, realized a capital increase totaling 27.5 million euros, or about $39.3 million at current exchange rates.

The amount is disclosed in documents filed with the commercial court here and obtained by WWD. They describe a two-prong capital increase, with 10 million euros, or about $14.3 million, representing a debt-to-equity conversion, and 17.5 million euros, or $25 million, deposited at the private bank Neuflize OBC.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus