By  on March 1, 2018

 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.

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