Fosun news and archive

Lanvin appoints ex-Sandro manager as CEO

After four years at Sandro, Jean-Philippe Hecquet joins French fashion house Lanvin as chief executive officer. In his time as CEO of Sandro, Hecquet managed to establish the brand with 600 stores in 43 countries worldwide, according to a statement by Lanvin on Tuesday. Prior to that, he spent 14 years with French luxury group LVMH Moët Hennessy...

loading...

Report

Wolford posts 3.4 percent decline in annual revenue

Wolford AG, for the 2017/18 financial year reported revenue decline by 3.4 percent to 149.07 million euros (174.2 million dollars). Adjusted for currency items, the company said, the downturn in revenues came to 1.4 percent. Hover over the graph to learn more. Wolford added that given the systematic reduction in current expenses, operating...

loading...

Report

Fosun increases shareholding in Wolford to 58 percent

London - Fosun Industrial Holdings Limited, the group controlled by Chinese billionaire Guo Guangchang, has increased its majority holding in Wolford AG. Following its acquisition of 50.87 percent of the shares from the company’s previous majority shareholders earlier this month, Fosun takeover offer to acquire all outstanding shares in Wolford...

loading...

ManagementFeatured

Fosun to acquire majority stake in Wolford, ahead of takeover bid

London - Fosun Industrial Holdings Limited is set to acquire a majority stake in luxury Austrian textile manufacturer Wolford AG. The Chinese financial investor has come to an agreement with the main shareholder of the struggling group and is set to take over more than 2.5 million shares, approximately 50.87 percent of the total share capital of...

loading...

PeopleFeatured

Who is Mr Guo, Lanvin’s new owner?

Employees of the French designer label Lanvin can breathe easy now. The venerable fashion house is finally emerging from the black hole in which it has been stuck since the departure of Alber Elbaz. At least, this is the gist of the announcement of an agreement signed earlier this month between the fashion house Lanvin, previously owned by...

loading...

ReportFeatured

Chinese snap up ailing French fashion label Lanvin

Chinese conglomerate Fosun snapped up the ailing French fashion label Lanvin Thursday and promised to revive its fortunes. Lanvin, the oldest French luxury house still in existence, has been in turmoil since the shock sacking of popular designer Alber Elbaz two years ago. It sank into the red to the tune of 18.3 million euros (21.2 million...

loading...

Management

Fosun Group in exclusive talks to buy majority stake in La Perla

Shanghai-based Fosun International has reportedly entered exclusive talks to buy La Perla. Silvio Scaglia, who bought the lingerie brand in 2013, has 30 business days to convince the Chinese group of the benefits of buying a majority stake in the Italian company. Italian entrepreneur Silvio Scaglia, the founder of telecoms group Fastweb, bought...

loading...

Business

China's giant 'Unicorn' Fosun races for more deals

A string of overseas investments has shone a new spotlight on Chinese conglomerate Fosun, after the mysterious disappearance -- and re-emergence -- of its tycoon chairman rattled investors. In the space of three days last week, the Shanghai-based company bought a stake in an Indian drugmaker for 1.26 billion US dollars , acquired a Brazilian...

loading...

Report

China's giant 'Unicorn' Fosun races for more deals

A string of overseas investments has shone a new spotlight on Chinese conglomerate Fosun, after the mysterious disappearance -- and re-emergence -- of its tycoon chairman rattled investors. In the space of three days last week, the Shanghai-based company bought a stake in an Indian drugmaker for 1.26 billion US dollars , acquired a Brazilian...

loading...

Report

Fosun increases stake in German retailer Tom Tailor

Chinese group Fosun International Limited has announced an increase in its stake in German lifestyle clothing company Tom Tailor Holding AG. Fosun sees the additional investment as a way to strengthen its position as a long-term strategic anchor investor in the company. The Chinese group therefore owns now a stake estimated to be between 25 and...

loading...