Did designer Oliver Lapidus do enough to sustain his job at France’s oldest fashion house?Lanvin,the oldest surviving house in French fashion, took to the Paris fashion week catwalk on Wednesday for its first outing since being bought by Fosun, or the Chinese conglomerate that also owns Club Med.
The deal is significant at Paris fashion week,where most heritage brands are still owned by French-based groups. It is the highest-profile fashion acquisition to date for the Chinese group, which also owns a stake in the American firm St John Knits. Fosun has assets estimated at $75bn (£54bn), and is expected to invest approximately €100m (£88m) in a tender to restore the house founded by Jeanne Lanvin 129 years ago to its former glory.
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Source: guardian.co.uk