Lanvin targets rapid growth and acquisitions
24/03/2022
The group, which makes clothing and leathergoods, and owns brands including Italian luxury shoemaker Sergio Rossi, is targeting “significant growth opportunities” in North America and Asia.
Total proceeds are expected to be up to $544 million and will be used to accelerate the organic growth of Lanvin Group's brand portfolio, and to fund acquisitions.
Ms Joann Cheng, CEO of Lanvin Group, said: "In recent years, we have not only invested in prestigious heritage brands but have also created a strategic alliance of industry-leading companies as partners and co-investors in Lanvin Group. Each of these partners is uniquely qualified to help drive growth, enhance the performance of our brands and unlock the full potential of new markets.
“We plan to accelerate the growth of our portfolio via both organic development and disciplined acquisitions, building a global portfolio of iconic luxury fashion brands that appeal to a broad customer base. Lanvin Group will not only enable these brands to flourish in their home countries, but also in Asia and North America, the largest luxury markets in the world."
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