The Shanghai-based company has been busily seeking a turnaround at its portfolio of brands including Lanvin, Wolford, and Sergio Rossi ahead of a planned New York IPO. Amid market turmoil, can the group still achieve a bumper exit?
Lanvin Group is preparing to list on the New York Stock Exchange before the end of the year via a SPAC deal, in a bid to build a financial war chest to continue investing in turning around its brands and fund future acquisitions.
The turnaround of the group’s namesake Lanvin house is starting to gain steam, and the group is adopting a similar playbook for reviving its other brands.
Nevertheless, the planned listing comes at a challenging time for the market, as concern mounts around slowing GDP growth, rapid inflation and depressed consumer confidence.
In partnership with Scott, Audemars Piguet is set to release a limited-edition version of its Royal Oak watch and a capsule collection of co-branded merchandise from the watchmaking house and Cactus Jack Records.