Lanvin has held initial talks with Haider Ackermann in recent weeks as its new Chinese owners search for a creative director. However, it remains unclear whether Fosun International will hire him, sources have said.
Lanvin's new owner, Chinese conglomerate Fosun, has announced that it has finalised its acquisition of a majority stake in luxury underwear label Wolford, becoming the brand's owner with 51% of its shares.
China's Fosun International Ltd on Saturday launched its Atlantis Sanya luxury resort in a $1.74 billion bet that the sail-shaped development will become an icon in Hainan and a beacon to tourists domestic and abroad.
Lanvin's new owner Fosun International, which also owns Club Med and a stake in Cirque du Soleil within its broad portfolio, aims to invest at least 20 billion yuan ($3.2 billion) in technology in the next three years.
China’s Fosun International won the bidding war for Lanvin against the Qataris this month for reasons that have little to do with money, creative vision or strategy for France’s oldest fashion maison, four sources said.