When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
FOSUF - China Offers Up Luxury Investment With Lanvin Backdoor Listing Plan
Fosun International Ltd
Chinese private equity giant Fosun will list its Lanvin luxury goods unit in the U.S. using a SPAC backed by Primavera Capital, another major Chinese private equity company.
Lanvin is currently losing money, but Fosun believes the company can become profitable by 2024 if it meets its aggressive growth projections.
Local private equity giant Fosun says it will use a SPAC to list Lanvin, whose brands also include St. John Knits, Sergio Rossi and Wolford.