Berlin — Hot on the heels of its Lanvin acquisition, the Fosun Group is now also taking a majority stake in Wolford AG.
The Austrian hosiery specialist said Fosun Industrial Holding Limited and Wolford’s main shareholder group (consisting of WMP Family Private Foundation, Sesam Private Foundation, M. Erthal & Co. Holding, as well as relating parties) have agreed to the sale of approximately 50.87 percent of Wolford’s total share capital. This amounts to 2,543,694 shares, with the expected purchase price to amount to 12.80 euros per share.
Penelope Cruz wows in a strapless white @chanelofficial feather dress. She is nominated for Best Movie/Limited Series Supporting Actress for The Assassination of Gianni Versace: American Crime Story. #Emmys
Take a peek into Gucci's new Instagram account (@guccibeauty), which is guided by Creative Director Alessandro Michele’s vision of beauty. In typical Gucci fashion, the account already features a series of artworks spanning across history, ethnicity, culture and geography. It will showcase and promote its new cosmetic launches and fragrances as well as looks from the fashion shows and special collaborations with artists and talents. #wwdbeauty
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