Chinese luxury fashion conglomerate Lanvin Group, owner of the eponymous French fashion brand, said it is scouting for buys and will open new stores, after a New York SPAC listing on Thursday that raised $150 million and valued it at $1.31 billion.
The amount raised is far lower than the $544 million that the group, owned by China’s Fosun International 0656.HK, said in March it hoped to raise from the listing via a special purpose acquisition company (SPAC) set up by Primavera Capital.
