An investor is being sought for the Fosun Fashion unit, which includes Lanvin, Tom Tailor and U.S. fashion label St John Knits, to help revamp and grow the business. Reportedly, Fosun is seeking US$100 million and is negotiating with several prospective partners including Asian family businesses.

Earlier this year, Lanvin announced a new Creative Director, 31-year-old French designer Bruno Sialelli. The label has been struggling to regain its footing since the departure of a former Creative Director, Alber Elbaz, in 2015

Source: Bloomberg