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
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