Chinese conglomerate Fosun International has beat Qatari’s rival Mayhoola Group to win control over the French fashion house Lanvin. The sale agreement leaves Taiwanese media magnate Shaw-Lan Wang, who previously held 75% stake, on board as a minority shareholder with 20%. Swiss businessman Ralph Bartel is apparently holding 25% share in the house’s capital.
Lanvin which was facing a liquidity crises was under pressure to find an investor by the end of the month. Fosun has pledged to bring 100 million euros to the table, although they cautioned that this would only provide temporary relief, given Lanvin’s deepening losses.
The oldest French fashion house, still in activity, has seen its sales erode since a peak of 235 million euros in 2012. In 2016 revenues fell 23 percent to 162 million euros, with a net loss of 18.3 million euros, marking its first red ink in nearly a decade. Continue reading
This is an exclusive breaking news on canal-luxe.org. The brand Chanel and Aurélie Dupont, the french choregrapher, works on an exclusive collection. After photographies, designs and the many other activities, Karl Lagerfeld starts working on a new discipline which is “the ballet”. At eighty year old, the Kayser and just before leaving Chanel, explores a new sector
Aurelie Dupont loves Chanel, and said on Instagram thank you very much for the purse Chanel offered her after the Grand Palais Show. Hopefully, this new dance for the Opera will be not the “Dances with the Wolves”.
On 30-31 January was held the 21st edition of the Barcelona fashion week which was visited by more than 32,000 people, including buyers, media representatives and a wider public, representing an increase of 5.7% compared with the previous Summer edition. Continue reading