Lanvin owner may sell stake in its fashion unit - leatherbiz: Leading Leatherbiz

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Lanvin owner may sell stake in its fashion unit

13/06/2019
French luxury brand Lanvin may soon be under new ownership as its current parent company is considering the sale of some of its assets, according to a report by Bloomberg.

Chinese conglomerate Fosun International became the majority shareholder in Lanvin in February 2018. Reports suggests that Fosun is seeking to sell a stake in its fashion unit to outside investors, and that it has begun gauging interest.

Any capital raised from this sale would be used to revamp Fosun’s business, which would include expanding its brands and improving their profitability. 

Fosun has not commented on the reports. 

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