Fosun Fashion Group news and archive

Wolford deepens losses again

Hosiery manufacturer Wolford reported increased losses again in 2024. The bottom line was a loss of 50.7 million euros. In the previous year, Wolford was able to limit the negative result to 30.8 million euros. “A number of unexpected events and operational headwinds impacted our performance, particularly in the last quarter, and put significant...

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Fosun Fashion Group rebrands and Lanvin gets new investors

Global luxury fashion company Fosun Fashion Group has rebranded to "Lanvin Group". Lanvin, which has been part of the company’s portfolio since 2018, is the oldest operating French luxury couture fashion house. The rebranding to Lanvin Group gives the company name obvious affiliation with an internationally recognized fashion brand as it works...

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Fosun Fashion Group buys Caruso’s debt

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...

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Sergio Rossi acquired by the Fosun Fashion Group

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...

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Lanvin CEO to step down after 18 months in position

Jean-Philippe Hecquet — the chief executive officer of Lanvin — will step down from his role. He leaves the role after taking the reins of the fashion house in 2018. As the brand looks for the Hecquet’s predecessor, the chairman of Lanvin’s parent Fosun Fashion Group and head of the board of directors of Lanvin, Joann Cheng, will assume the...