Two Asian bidders for Lanvin

12/02/2018
Reuters has reported that two Asian groups are vying to acquire a controlling stake in French luxury brand Lanvin.

The news agency has said Qatari investment fund Mayhoola and Chinese conglomerate Fosun are both seeking to gain control of Lanvin. It said on Sunday, February 11, that a team representing Fosun was due to visit Lanvin’s ateliers in Paris that same weekend.

For its part, Mayhoola has been quoted as having offered €400 million for Lanvin in 2014, but current majority shareholder, Taiwanese investor Shaw-Lan Wang, rejected the bid.