Hosiery manufacturer Wolford reported increased losses again in 2024. The bottom line was a loss of 50.7 million euros. In the previous year, Wolford was able to limit the negative result to 30.8 million euros. “A number of unexpected events and operational headwinds impacted our performance, particularly in the last quarter, and put significant...
May 12, 2025
Global luxury fashion company Fosun Fashion Group has rebranded to "Lanvin Group". Lanvin, which has been part of the company’s portfolio since 2018, is the oldest operating French luxury couture fashion house. The rebranding to Lanvin Group gives the company name obvious affiliation with an internationally recognized fashion brand as it works...
Oct 11, 2021
Italian luxury menswear brand Caruso has reached an agreement with its parent group, Fosun Fashion Group (FFG), and its creditors to gain some liquidity to recover from the pandemic’s impact. The Chinese group is buying back the designer company’s financial debts at a discounted price, providing Caruso with a capital increase. The financial...
Jul 30, 2021
China’s Fosun Fashion Group, which owns Lanvin, has acquired 100 percent of the Italian luxury shoemaker Sergio Rossi from Absolute Luxury Holding S.r.l., an independently-managed investment subsidiary of Investindustrial. In a statement, Fosun Fashion Group (FFG) said that it was commented to continuing the growth of Sergio Rossi as “one of the...
Jun 10, 2021
Jean-Philippe Hecquet — the chief executive officer of Lanvin — will step down from his role. He leaves the role after taking the reins of the fashion house in 2018. As the brand looks for the Hecquet’s predecessor, the chairman of Lanvin’s parent Fosun Fashion Group and head of the board of directors of Lanvin, Joann Cheng, will assume the...
Mar 17, 2020
Troubled fashion retailer Tom Tailor Group has reached an agreement with the consortium banks and majority Chinese shareholder Fosun on a new financing structure until the end of September 2022. Due to the planning timeframe through to 2022, the company’s management board has adjusted the preliminary results for fiscal 2018 that were published...
Oct 10, 2019
Lanvin's Chinese owners, Fosun Fashion Group, are seeking to sell a stake in its fashion unit to outside investors to raise capital. The news was reported by Business of Fashion. The company is seeking to raise 100 million dollars and has piqued the interest of several Asian family offices. The majority of the details around any potential...
Jun 12, 2019
Wolford AG is relying on Fosun Fashion Brand Management Company (FFBM) as its new partner to manage the company’s brand identity in the important Chinese market which features a steadily growing class of luxury-oriented consumers. The company announced through a statement that after Wolford’s success in expanding its presence Hong Kong and...
Feb 26, 2019
Tom Tailor Holding SE has decided to implement a capital increase of 10 percent against cash contribution with partial utilization of the approved capital. The company said in a statement that 3,849,526 new registered shares will be allocated directly and exclusively to Fosun International Ltd. With the exclusive allocation of the shares created...
Feb 19, 2019
After four years at Sandro, Jean-Philippe Hecquet joins French fashion house Lanvin as chief executive officer. In his time as CEO of Sandro, Hecquet managed to establish the brand with 600 stores in 43 countries worldwide, according to a statement by Lanvin on Tuesday. Prior to that, he spent 14 years with French luxury group LVMH Moët Hennessy...
Aug 28, 2018
London - Fosun Industrial Holdings Limited, the group controlled by Chinese billionaire Guo Guangchang, has increased its majority holding in Wolford AG. Following its acquisition of 50.87 percent of the shares from the company’s previous majority shareholders earlier this month, Fosun takeover offer to acquire all outstanding shares in Wolford...
May 15, 2018
After Lanvin, Fosun International has successfully completed acquisition of the majority of shares in Wolford AG, the latter has announced. Following the acquisition of 50.87 percent of the shares from the previous majority shareholders, Fosun Industrial Holdings Limited, a group controlled by Chinese billionaire Guo Guangchang is now the new...
May 7, 2018
