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Chinese investor to snap up La Perla

Shanghai-based investment group Fosun International is set to acquire a controlling stake in Italian luxury lingerie brand La Perla for an undisclosed sum.

Fosun and La Perla’s parent company Pacific Global Management, which is owned by Italian entrepreneur Silvio Scaglia, have agreed to a 30-day exclusivity period in which Fosun will complete its due diligence.

The deal is subject to approval from Fosun’s investment committee.

La Perla was founded in 1954 by corsetry maker Ada Masotti. Scaglia acquired the company through his family holding in 2013.

The brand, which operates a network of stores and concessions globally, is led by creative director Julia Hart. Its ranges comprise ready-to-wear, lingerie, sleepwear, beachwear, loungewear, accessories and haute couture for men and women.

Fosun acquired a stake in Greek jewellery brand Folli Follie in 2011. It followed this in 2013 with investments in Italian tailoring brand Caruso and US knitwear brand St. John.

It was previously reported that the Chinese conglomerate held high-level meetings with New Look’s backers Apax and Permira in 2015, as the firms sought to offload the high street chain.

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