>> Lanvin announced today that an anonymous European family holding company took a 12.5 percent stake in the company, ending a long quest by majority owner Shaw-Lan Wang to take the brand to the next level. The investment — thought to be on the order of about $37 million — is understand to be longterm, so don't expect the brand to change hands any time soon; LVMH's Bernard Arnault has been interested in recent years, but Wang is unwilling to give up majority control as Arnault would require.
“The company is really healthy. We only need to accelerate,” Lanvin EVP Thierry Andretta told WWD of the move. “We will be looking worldwide for great opportunities.” It is expected that the capital will help expand Lanvin's retail network, and if more funds are needed, the anonymous investor has the ability to inject more while still maintaining a minority share.
Lanvin Gets Cash Money; Alber Elbaz Is "Really Scared of Bloggers"
>> Lanvin announced today that an anonymous European family holding company took a 12.5 percent stake in the company, ending a long quest by majority owner Shaw-Lan Wang to take the brand to the next level.
