Insolvency risk fro Fosun, and therefore under the lens of the Chinese banking system. Bloomberg broke the news that Chinese regulators have asked commercial banks to verify their debt exposure to Fosun. With the aim, precisely, of understanding the potential risks. The company, which owns Lanvin Group (of which Sergio Rossi is also a member)...
On one hand Lanvin Group is allegedly ready to make an acquisition. On the other, Tom Ford is ready to sell, and it could do so to Kering, for historic reasons (the relation between the stylist and Gucci). A lot of operations are apparently about to kick off in the M&A contest between groups. The […]
Sergio Rossi grows with Lanvin Group. In 2021, the revenue of the shoe manufacturers based in San Mauro di Pascoli grew by 18% compared to 2020 and the forecasts say the brand will reach 130 million within the next 5 years. All part of the ambitious goal of the group to become China’s LVMH. The...
Wall Street attracts footwear companies. For Lanvin Group, which owns Sergio Rossi, the path to New York has been set: the IPO will be launched via SPAC created with Primavera Capital Acquisition Corp. Capital collected will be used to grow existing brands and for the acquisition of new ones. Golden Goose hasn’t hidden the fact...
Italian shoe brands are looking to the Middle East and China for growth. The Russia-Ukraine conflict has worsened conditions in the European market, which was already lagging behind the Chinese and American markets due to the lack of tourists. The United States and China continue to perform well, but for luxury made in Italy, the […]
There are five common mistakes Chinese groups make with European brands they have bought. Mistakes that, hopefully, will not be repeated in the future by those that hope to be successful. China, a protagonist in the luxury market, lacks a conglomerate able to compete with Western giants. Starting from 1987, when Dickson Poon Group located […]
Fosun Fashion Group, owner among others, of Sergio Rossi, sheds its skin. Simply put, it will now be called Lanvin Group, with new investors that gave the group a valuation of 1 billion USD. The operation coincides with an addition of 300 million USD in liquidity for future acquisitions, as well as a new development […]
What will we remember from Paris shows? We have selected the five “best of leather” that marked the recently concluded French fashion week. Five guidelines for the next Spring-Summer 2022 season that see leather as the protagonist, and confirm it as the basic element of what we can, without a shadow of a doubt, define […]
In some ways, it’s really a plot twist. Chinese Fosun Fashion Group, who also own Lanvin, acquired Sergio Rossi. The price paid was not disclosed. The race for the Italian footwear brand, therefore, was won by an outsider. In other words, Fosun was not in the lot of alleged suitors which, according to rumours, was […]
Will Fosun Fashion Group be China’s first luxury super group? Perhaps it is still too early to say, but the company that took over Sergio Rossi shoe factory is now in a clear advantage over colleagues like Icicle and Shandong Ruyi. They started with the same goal, but ran aground at a distance from the...
Fashion designer Alber Elbaz, 59, died on Saturday April 24, 2021, in Paris. Born in Morocco, Casablanca, in 1961, and raised in Israel, he was known for leading and relaunching Lanvin. After a long hiatus, he had recently embarked on a new adventure, launching AZ Factory together with Richemont. According to WWD (and confirmed by […]
From China with love. Lanvin held its fashion show during Shanghai Fashion Week to present summer 2021 collection. The brand proposed a contemporary reinterpretation of the glorious past of the oldest Parisian fashion house (founded 131 years ago). With many references to Chinese culture. New creative director Bruno Sialelli (in office since 2019) has been […]
Alber Elbaz has taken on Laurent Malecaze and, at the same time, the AZfashion project is about to kick off. Malecaze, currently working as a manager at The Webster, a luxury retailer based in New York, will take office as Chief Executive Officer starting from October 12th. The start-up company, created by Lanvin’s former fashion […]
Different forms, presentations, languages. With all the new rules dictated by anti-Covid security measures, the first digital Paris Fashion Week did not disappoint expectations in its own way. In other words, each brand has been able to find an original way to show the world their men’s collections for summer 2021 and, in some cases, […]
Jean-Philippe Hecquet leaves Lanvin CEO chair after 18 months. Joann Cheng, president of Fosun Fashion Group (FFG), will fill the interim role, pending the identification of a new appointee. Hecquet leaves the CEO chair The divorce between French brand Lanvin, controlled by Chinese conglomerate Fosun, and its CEO Jean-Philippe Hecquet is unexpected. The manager had […]
Is Fosun the Chinese alternative to the French luxury conglomerates? The Chinese group doesn’t want to speak of competing with Kering and LVMH: “Fosun is not looking to compare itself to them or their market position. We have been on the market for three years and are still very young”, commented Joann Cheng, president of […]
Paris astounds with its massive use of leather. The Paris Fashion Week (it kicked off on 24th February 2020 and is about to conclude the day after tomorrow, on March 4) proved once again, day by day, more than ever perhaps, that leather is a canvas on which designers may draw different and stimulating women’s...
Fashion shows say “leather”. And not just them. For major luxury brands and, drop-down, for premium brands collections, leather clothing has become the absolute star. Milan Woman Fashion Week catwalks gave a wide demonstration of this, with a riot of leather for outerwear, dresses, trousers and shirts. The leather total look is no longer an...
Style, accessories, organisation: these are the three pillars of Lanvin‘s relaunch. But it takes time. The premise is that, when Fosun acquired the majority of the brand in February 2018, it was sailing in bad waters. Since Alber Elbaz‘s farewell, commercial performance has collapsed. For this reason, a recovery will take place, but in due […]
Lanvin tries to accelerate its accessories’ business. “I want them to be worth 50% of total revenue before the end of the third year from now”, stated Jean-Philippe Hecquet, CEO of Lanvin. And Italy, of course, could be one of the beneficiaries. The (current) accessories’ web The French brand has been a part of Chinese […]
