Fosun news and archive

Can Lanvin's new manager return the brand to desirability?

French luxury maison Lanvin has appointed Siddhartha Shukla as its new deputy general manager. Shukla steps into the role to replace Arnaud Bazin, who is exiting the company after just 14 months. Lanvin is France’s oldest couture house, but despite its rich heritage the brand has seen revenue plummet since the exit of Alber Elbaz in 2015. Lanvin...

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People

Lanvin CEO to step down after 18 months in position

Jean-Philippe Hecquet — the chief executive officer of Lanvin — will step down from his role. He leaves the role after taking the reins of the fashion house in 2018. As the brand looks for the Hecquet’s predecessor, the chairman of Lanvin’s parent Fosun Fashion Group and head of the board of directors of Lanvin, Joann Cheng, will assume the...

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People

Lanvin appoints ex-Sandro manager as CEO

After four years at Sandro, Jean-Philippe Hecquet joins French fashion house Lanvin as chief executive officer. In his time as CEO of Sandro, Hecquet managed to establish the brand with 600 stores in 43 countries worldwide, according to a statement by Lanvin on Tuesday. Prior to that, he spent 14 years with French luxury group LVMH Moët Hennessy...

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BusinessFeaturedMember

Fosun to acquire majority stake in Wolford, ahead of takeover bid

London - Fosun Industrial Holdings Limited is set to acquire a majority stake in luxury Austrian textile manufacturer Wolford AG. The Chinese financial investor has come to an agreement with the main shareholder of the struggling group and is set to take over more than 2.5 million shares, approximately 50.87 percent of the total share capital of...

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BusinessFeaturedMember

Fosun Group in exclusive talks to buy majority stake in La Perla

Shanghai-based Fosun International has reportedly entered exclusive talks to buy La Perla. Silvio Scaglia, who bought the lingerie brand in 2013, has 30 business days to convince the Chinese group of the benefits of buying a majority stake in the Italian company. Italian entrepreneur Silvio Scaglia, the founder of telecoms group Fastweb, bought...

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BusinessMember

China's giant 'Unicorn' Fosun races for more deals

A string of overseas investments has shone a new spotlight on Chinese conglomerate Fosun, after the mysterious disappearance -- and re-emergence -- of its tycoon chairman rattled investors. In the space of three days last week, the Shanghai-based company bought a stake in an Indian drugmaker for 1.26 billion US dollars , acquired a Brazilian...

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BusinessMember

China's giant 'Unicorn' Fosun races for more deals

A string of overseas investments has shone a new spotlight on Chinese conglomerate Fosun, after the mysterious disappearance -- and re-emergence -- of its tycoon chairman rattled investors. In the space of three days last week, the Shanghai-based company bought a stake in an Indian drugmaker for 1.26 billion US dollars , acquired a Brazilian...

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