Your browser is no longer supported. For the best experience of this website, please upgrade to a newer version or another browser.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

Lanvin bought by Chinese conglomerate

French luxury fashion house Lanvin has been bought by Chinese conglomerate Fosun for an undisclosed sum.

The New York Times reported that the sale was sealed after a bidding war with Qatari fund Mayhoola For Investments.

Fosun will inject €100m (£88m) into loss-making Lanvin to cover outstanding expenses and unpaid salaries, 

Lanvin president Shaw-Lan Wang, who held a 75% stake in the company, will become a minority shareholder following the deal.

Lanvin was founded in 1889 and underwent a revival during the 14-year tenure of creative director Alber Elbaz.

However, this ended after Elbaz departed in 2015, reportedly after disagreements between the designer, Wang and chief executive Michèle Huiban.

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions. Links may be included in your comments but HTML is not permitted.