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Fosun names new president for Lanvin

12/03/2018
French luxury brand Lanvin has been under new ownership for less than two weeks but it already has a new president, with Joann Cheng taking the helm, according to reports in the Chinese media.

Chinese conglomerate Lanvin completed a deal to become Lanvin’s new majority shareholder at the end of February.

It has moved quickly to put a new leadership team in place, with Ms Cheng replacing Shaw-Lan Wang as president. Ms Wang retains a minority stake in the brand.

Ms Cheng is deputy finance director of Fosun International and executive president of Fosun Fashion Group. 

Lanvin has not commented on the appointment.

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