St. John Knits Archives - Inside Retail Asia

Fosun Fashion seeking investors to expand brands and profits

Chinese conglomerate Fosun is looking to sell a stake in its luxury fashion business, which includes Lanvin.

Fosun adds Caruso

Chinese conglomerate Fosun Group has added the Italian luxury menswear brand Caruso to its portfolio. Fosun Group has acquired a 35 per cent stake in Caruso for an undisclosed amount. Caruso is Fosun’s first investment in the luxury sector in Europe. “Fosun will leverage its own competitve advantages to help Caruso expanding in the China market as well as bringing this precious made in Italy brand to the Chinese consumers,” said Fosun Group founder and chairman Guo Guangchang. According…

x

SUBSCRIBE
FREE NEWS BRIEFS Get breaking news delivered