The Chinese Fosun, its main shareholder, wants to triple its size by 2025. It is preparing acquisitions.
European luxury brands are attracted by the sirens of Wall Street. After the Italian Zegna, which entered the New York Stock Exchange before Christmas, the French Lanvin should be listed across the Atlantic at the beginning of the summer. Filing for bankruptcy in 2018, the oldest French fashion house still in operation, founded in Paris in 1889, was then bought by the Chinese Fosun, which also owns Club Med.
Since then, the conglomerate has expanded its fashion division. Renamed Lanvin Group last October, it also owns Italian shoemaker Sergio Rossi (formerly a subsidiary of Kering), Austrian lingerie king Wolford, American knitwear house St John and Italian menswear manufacturer Caruso.
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Lanvin Group achieved a turnover of 333 million euros in 2021 (+30% over one year), and its flagship brand doubled in size, to 66 million. The group, which raised 300 million euros last year and brought in new Asian shareholders alongside…
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