CHINA-BASED FOSUN ACQUIRES LANVIN

Lanvin‘s financial issues have been well-documented in recent weeks.  It seems that the fashion house now has a new owner. Shanghai-based Fosun International has acquired a majority stake in France’s oldest fashion label. Fosun which counts Club Med and a number of other healthcare companies in its holdings has not revealed much in the way of details of the acquisition, but did share that the current shareholders will maintain a minority stake in the company. Analysts surmise that Fosun will infuse as much as  €100 million EUR ($123 million USD) into the fashion label.

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