Lanvin staff will grill management and Fosun at a meeting on Thursday, seeking guarantees about jobs following the Chinese group's deal to buy a controlling stake in the brand, sources have told FashionNetwork.com.
China’s Fosun International has beat Qatar’s Mayhoola in the bidding contest for French fashion brand Lanvin in a deal that should lead to an investment of more than €100 million, two sources close to the matter said.
China’s Fosun International and Qatar’s Mayhoola, which owns Valentino and Balmain, are competing to inject capital into Lanvin and buy control as France’s oldest fashion house looks set to run out of cash as early as...
Threatened by a critical financial situation, reports say that the couture house is in negotiations with different investors concerning the sale of a majority stake – reports that the label dismisses as "rumors".
Upscale Australian department store chain David Jones saw A$712 million being slashed from its value on Thursday as South African owner Woolworths booked an impairment charge linked to the underperforming business