By and  on February 23, 2018

PARIS — Analysts on Thursday welcomed Fosun International’s acquisition of Lanvin as a positive development for the cash-strapped French luxury brand, but they cautioned the Chinese conglomerate will need to be patient before seeing the effects of any turnaround plan.

The companies said Thursday that Fosun has acquired a majority stake in Lanvin, confirming a report in WWD on Feb. 12 that the Chinese firm beat Qatari rival Mayhoola Group to win control of the label, which is facing a liquidity crisis.

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