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Lanvin Group Aims to Acquire Another Brand Next Year

  • Lanvin seeks to expand after a SPAC listing later this year
  • Lanvin is looking to boost its sales in the US and China
Jeanne Lanvin SAS Luxury Fashion Store As Fosun International Ltd. Acquires Majority Stake
Photographer: Christophe Morin/Bloomberg
Corrected

China’s Fosun International Ltd. is on the hunt for an addition to its collection of fashion brands, which includes Lanvin and St. John Knits -- a sign of luxury’s resilience despite high inflation and recession concerns. 

First, Fosun aims to float Lanvin on the New York Stock Exchange via a blank-check company in October or November, said Joann Cheng, chairman and chief executive officer of Lanvin Group. A potential acquisition would come after that, “ideally later next year,” she said in an interview, adding “we’re not in a rush.”