Fosun Fashion Group Rebrands to Lanvin Group | News

  • Lanvin Group is a world luxurious style group which owns iconic manufacturers Lanvin, Sergio Rossi, Wolford, St. John Knits, and Caruso
  • Newest capital spherical welcomes strategic investments from Japanese conglomerate ITOCHU Company and luxurious footwear producer Stella Worldwide
  • Advantages from unparalleled entry to China, the world’s largest luxurious market, and continues to discover alternatives to put money into world luxurious style manufacturers to additional speed up development

SHANGHAI, Oct. 11, 2021 /PRNewswire/ — Fosun Vogue Group, the worldwide luxurious style group, at the moment introduced its rebranding to “Lanvin Group”.  Lanvin, based in 1889, is the oldest working French luxurious couture style home, acknowledged globally for its iconic heritage and timeless designs. The rebranding to Lanvin Group exemplifies the group’s clear imaginative and prescient to construct a world portfolio of iconic luxurious style manufacturers because it embarks on a brand new section of development each globally and in China. The brand new Lanvin Group branding and a brand new web site shall be unveiled within the coming months.

Behind the choice to rename the group Lanvin Group lies a robust perception that the spirit and ethos of Jeanne Lanvin when she began her enterprise – entrepreneurship, creativity, openness and aptitude for all times – which have helped construct Lanvin over the previous 132 years, stay as sturdy as ever and shall be core to the continued success of the group because it enters the following section of its world improvement. 

Lanvin Group can also be happy to announce two new strategic buyers, Japanese buying and selling conglomerate ITOCHU Company (8001.T), and luxurious footwear developer and producer Stella Worldwide (1836.HK), in addition to Xizhi Capital, an skilled non-public fairness group in China in numerous sectors together with style and client. The most recent capital spherical closed at a post-money valuation of over US$1 billion, bringing Lanvin Group’s whole quantity raised throughout all rounds to roughly US$300 million.

Lanvin Group additionally welcomes ITOCHU Company and Stella Worldwide to its one-of-a-kind strategic alliance of multibillion-dollar powerhouses working throughout totally different segments of the luxurious style worth chain, which has come along with Lanvin Group to drive development in China and abroad.

Lanvin Group was established by Fosun Worldwide Restricted (0656.HK) in 2017 to capitalize on the rising world demand for luxurious style, notably within the China market. Fosun Worldwide ranks 459th on the 2021 Forbes International 2000 Checklist, managing over US$120 billion in whole property. Fosun has created a number of market-leading client corporations, akin to Fosun Tourism Group (1992.HK), Fosun Pharma (2196.HK and 600196.SHA) and Yuyuan Vacationer Mart (600655.SH).

As we speak, Lanvin Group’s portfolio of iconic heritage manufacturers covers a large spectrum of luxurious style classes, together with French couture home Lanvin, Italian luxurious shoemaker Sergio Rossi, Austrian skinwear specialist Wolford, iconic American womenswear model St. John Knits, and high-end Italian menswear maker Caruso. These 5 manufacturers have over 390 years of mixed historical past and have far-reaching world presence in additional than 60 international locations with greater than 1000 factors of gross sales, 200 retail shops and three,500 staff the world over.  Over the previous 15 months Lanvin Group has opened a further 25 shops globally, of which 19 are in Better China.

Lanvin Group, the International Luxurious Vogue Group with Unparalleled Entry to China, One of many World’s Largest Luxurious Markets

Guo Guangchang, Chairman and Co-founder of Fosun Worldwide Restricted, commented: “Fosun has constantly capitalized on high-growth sectors and has a profitable observe document in creating consumer-driven ecosystems. Lanvin Group is about to change into the following in a line of {industry} champions. The group is nicely positioned to take advantage of the resilient demand for luxurious items globally, particularly in China, the place Fosun and its companions have unparalleled entry and observe document in rising worldwide client manufacturers on the planet’s largest client market.”

Commenting on Lanvin Group’s newest capital spherical, Ms. Joann Cheng, Chairman of Lanvin Group, mentioned: “We welcome our latest buyers and strategic alliance with ITOCHU and Stella Worldwide, alongside our different companions, in creating a novel ecosystem to drive synergies and sustainable development throughout our portfolio.  Lanvin Group will draw upon ITOCHU and Stella Worldwide’s market experience, know-how and assets within the luxurious footwear and textile classes to spice up our world provide chain and distribution capabilities. This is not going to solely allow our portfolio manufacturers to construct a robust foothold within the Japan market and broaden their product providing, but in addition allow them to fulfill rising luxurious demand each globally and in China.”

Mr. Masahiro Morofuji, Managing Government Officer and Textile Firm President of ITOCHU Company, mentioned: “We’re happy to be partnering with Fosun and to be becoming a member of their strategic alliance throughout the style {industry}. We consider that with our huge assets and experiences as a world firm, we’ve a lot to supply to the Lanvin Group and their future endeavors.”

Mr. Stephen Chi, Chief Government Officer of Stella Worldwide, mentioned: “Lanvin Group’s strategic alliance is exclusive within the world luxurious style sector. We’re excited to change into a part of it and to have the ability to provide our built-in capabilities within the design, improvement and manufacturing of luxurious sneakers to our model companions.”

Lanvin Group’s strategic companions throughout the alliance are champions of their respective fields, working collectively and complementing one another’s operations, with a shared imaginative and prescient to empower manufacturers in reaching sustainable development. The group’s different alliance companions embrace K11, the worldwide high-end way of life model and operator of luxurious procuring malls beneath New World Growth Firm Restricted (0017.HK); Baozun (NASDAQ: BZUN and HKEX: 09991.HK), the main world model e-commerce enterprise companion of over 280 style, luxurious and different manufacturers in China; Activation Group (9919.HK), the main interactive information efficiency advertising and marketing group for style and luxurious manufacturers in higher China; and Neo-Idea Group, the main attire producer with over thirty years of expertise specializing in progressive and sustainable textiles and style.

Leveraging the best-in-class assets of its alliance companions, Lanvin Group has strengthened product improvement and manufacturing operations throughout the portfolio and superior digital and e-commerce capabilities of its portfolio manufacturers. This distinctive strategic alliance will proceed to play an integral position in Lanvin Group’s growth because it drives the expansion of the prevailing portfolio whereas exploring alternatives to put money into extra world luxurious style manufacturers and to additional speed up development.

Luxurious Demand Stays Resilient All through Pandemic

Lanvin Group advantages from the range of style classes throughout its portfolio, which supplies each important development alternatives in addition to resilience all through the style cycle.  The group will proceed to develop this diversified luxurious portfolio with a development technique anchored in geo-expansion, channel activation and class improvement. 

Ms Cheng, concluded: “The pandemic has already proven that top style maisons are extremely resilient even in among the most tough of instances.  Because the world emerges from the pandemic, we consider demand for luxurious style merchandise will stay sturdy and proceed to thrive within the years to come back.”

About Lanvin Group

Lanvin Group, previously referred to as Fosun Vogue Group, is the main world luxurious style group rooted in China, managing iconic manufacturers worldwide together with Lanvin, Sergio Rossi, Wolford, St. John Knits, and Caruso. Harnessing the ability of its distinctive strategic alliance of industry-leading companions within the luxurious style sector, Lanvin Group strives to broaden the worldwide footprint of its portfolio manufacturers and obtain sustainable development with strategic investments, operational assist and an intimate understanding of the fastest-growing luxurious style markets on the planet.

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SOURCE Fosun Vogue Group

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