Fosun completes acquisition of majority stake in Wolford

After Lanvin, Fosun International has successfully completed acquisition of the majority of shares in Wolford AG, the latter has announced. Following the acquisition of 50.87 percent of the shares from the previous majority shareholders, Fosun Industrial Holdings Limited, a group controlled by Chinese billionaire Guo Guangchang is now the new main shareholder of Wolford, maker of luxury hosiery, bras, and bodywear.