Deals
Lanvin's Chinese Owner Seeks Investors for Fashion Unit
- Owner of France’s oldest fashion house plans to sell stake
- Chinese group targeting to raise more than $100 million
Photographer: Philippe Lopez/AFP via Getty Images
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Fosun International Ltd., the Chinese retail-to-drugs conglomerate backed by billionaire Guo Guangchang, is seeking to sell a stake in its fashion unit to outside investors as part of plans to revamp the business, people with knowledge of the matter said.