China's Fosun beats Qatar fund to acquire French fashion house Lanvin

China's Fosun beats Qatar fund to acquire French fashion house Lanvin

Photo: Reuters

Chinese conglomerate Fosun on Thursday said it had completed a deal to become the majority shareholder in Lanvin, France’s oldest surviving couture label which has been facing financial difficulties.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter