
Fosun Fashion Group has a new name, Lanvin Group, and new investors who bring the valuation of the Chinese fashion conglomerate to more than $1 billion.
Armed with more capital and industry expertise, the Shanghai-based firm plans to push further into Asia and the U.S., and continue building its portfolio of premium and luxury brands.
Joann Cheng, chair of Lanvin Group, said Its latest funding round raised about $150 million and brought on board two strategic investors Japan’s Itochu Corp, and Chinese high-end footwear maker Stella International as well as private equity firm Xizhi Capital, but Fosun International Ltd remains stay the majority stakeholder. Continue reading
							
Lanvin has tapped Arnaud Bazin as its new deputy general manager. The fashion house confirmed his arrival and said Bazin would work with Grace Zhao, its new deputy general manager for the Asia-Pacific businesses. “Together, Mr. Bazin and Ms. Zhao will oversee the overall strategy for the brand and its implementation globally,” .The lord of luxury dispatches his men everywhere in fashion and luxury groups.
As with many fashion executives the world over, Joann Cheng the chairwoman of Fosun Fashion Group, had a litany of urgent challenges brought to her desk by the outbreak of the coronavirus.
 
Lanvin has appointed Bruno Sialelli artistic director, signaling new direction for the historic French house. “His singular and very personal vision, his audacity, his culture, his energy and ability to build a strong creative team definitely convinced us,” said Lanvin chief executive officer Jean-Philippe Hecquet.