Chinese language agency Fosun Vogue Group rebrands to Lanvin Group



World luxurious trend firm Fosun Vogue Group has introduced its rebranding to Lanvin Group, one of many oldest working French luxurious couture trend homes, recognised globally for its iconic heritage and timeless designs. The rebranding to Lanvin Group exemplifies the group’s clear imaginative and prescient to construct a worldwide portfolio of iconic luxurious trend manufacturers.

Lanvin Group has additionally introduced two new strategic buyers, Japanese buying and selling conglomerate Itochu Company, and luxurious footwear developer and producer Stella Worldwide, in addition to Xizhi Capital, an skilled personal fairness group in China in varied sectors together with trend and shopper. The newest capital spherical closed at a post-money valuation of over $1 billion, bringing Lanvin Group’s whole quantity raised throughout all rounds to roughly $300 million, the corporate mentioned in a media launch.

Lanvin Group was established by Fosun Worldwide Restricted in 2017 to capitalise on the rising international demand for luxurious trend, notably within the Chinese language market. Fosun Worldwide ranks 459th on the 2021 Forbes World 2000 Listing, managing over $120 billion in whole property.

World luxurious trend firm Fosun Vogue Group has introduced its rebranding to Lanvin Group, one of many oldest working French luxurious couture trend homes, recognised globally for its iconic heritage and timeless designs. The rebranding to Lanvin Group exemplifies the group’s clear imaginative and prescient to construct a worldwide portfolio of iconic luxurious trend manufacturers.

Lanvin Group’s portfolio of iconic heritage manufacturers covers a large spectrum of luxurious trend classes, together with French couture home Lanvin, Italian luxurious shoemaker Sergio Rossi, Austrian skinwear specialist Wolford, iconic American womenswear model St. John Knits, and high-end Italian menswear maker Caruso.

Guo Guangchang, chairman and co-founder of Fosun Worldwide Restricted, commented: “Lanvin Group is about to turn into the following in a line of business champions. The group is nicely positioned to use the resilient demand for luxurious items globally, particularly in China, the place Fosun and its companions have unparalleled entry and observe report in rising worldwide shopper manufacturers on this planet’s largest shopper market.”

Leveraging the best-in-class sources of its alliance companions, Lanvin Group has strengthened product growth and manufacturing operations throughout the portfolio and superior digital and e-commerce capabilities of its portfolio manufacturers. This distinctive strategic alliance will proceed to play an integral position in Lanvin Group’s enlargement because it drives the expansion of the prevailing portfolio whereas exploring alternatives to put money into extra international luxurious trend manufacturers and to additional speed up development, the discharge mentioned.

Fibre2Fashion Information Desk (KD)

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