Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Lanvin Group Soared 86% This Week

TheMotleyFool

0 0

Why Lanvin Group Soared 86% This Week: https://g.foolcdn.com/editorial/images/714825/fashion-walmart-lord-taylor-getty.jpeg

Shares of Lanvin Group (NYSE: LANV) rocketed 86.7% higher this week compared to where they closed last Friday, according to data from S&P Global Market Intelligence, after Chinese conglomerate Fosun International disclosed it had acquired more than 2% of the French luxury brand in a private placement.

Fosun acquired a controlling stake in Lanvin in 2018 with the intention of taking the old fashion house public. Lanvin went public on Dec. 15 after completing a reverse merger with special purpose acquisition company (SPAC) Primavera Capital Acquisition.

Image source: Getty Images.

Source Fool.com

Like: 0

LANV

Share