Maria SantosFashion
Lanvin Group Narrows First-Half Loss to €34.6 Million as Store Closures Bite
The Shanghai-based luxury group shrank its boutique network by a third over 18 months while first-half revenue slipped 12.9 per cent to €100.8 million.
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St John
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Wei ZhangFashion
Fosun International acquiring French brand IRO
Chinese fashion retailer Fosun International will reportedly acquire French apparel brand IRO. IRO’s founders, brothers Laurent and Arik Bitton, will retain a 40 per cent stake, while Fosun will acquire the 25 per cent shareholding of the Marciano family,…