Guo Guangchang’s Fosun acquired a controlling stake in Lanvin in 2018, promising to revive the fortunes of one of France’s oldest fashion houses hit by a decline in profits and a revolving door of creative directors.
Four years later, the Chinese billionaire is planning to take Lanvin public as he battles to pay down a $36bn debt pile, while the 133-year-old brand remains far behind rivals Chanel, Dior and Hermès in the world’s biggest consumer market.
The share sale, which Guo hopes to push through via a special purpose acquisition company in the US, initially gave Lanvin Group an enterprise value of $1.5bn. However, in October the valuation was lowered to $1bn and the Spac deal is being criticised by a minority shareholder.
您已閱讀11%（733字），剩余89%（5705字）包含更多重要信息，訂閱以繼續(xù)探索完整內(nèi)容，并享受更多專屬服務(wù)。