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Benzinga
Benzinga
World
The Bamboo Works

China Offers Up Luxury Investment With Lanvin Backdoor Listing Plan

Lanvin Fosun China SPAC Club Med Fosun International Lanvin Group

Key Takeaways:

  • 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
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