By  on February 22, 2018

PARIS — Fosun International has acquired a majority stake in French fashion label Lanvin, the two companies said on Thursday. This confirms a report in WWD on Feb. 12 that Fosun beat Qatari rival Mayhoola Group to win control of the label, which is facing a liquidity crisis.

The sale agreement leaves the current shareholders, Taiwanese media magnate Shaw-Lan Wang and Swiss businessman Ralph Bartel on board with a minority stake, Fosun and Lanvin said in a joint statement, which contained no financial details.

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