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China Offers Up Luxury Investment With Lanvin Backdoor Listing Plan

Local private equity giant Fosun says it will use a SPAC to list Lavin, whose brands also include St. John Knits, Sergio Rossi and Wolford.

This article only represents the author's own views.

Watch out, world. China is entering the global race for investor dollars chasing global luxury brands, with word that the country’s Fosun International (0656.HK) is preparing a backdoor U.S. listing for its recently established Lanvin Group.

This particular listing has quite a few big-names attached to it, and is being made using a special purpose acquisition company (SPAC), a type of publicly traded empty shell containing nothing but cash that has become all the rage on Wall Street these days.

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Bamboo Works (official website) provides news on Chinese companies listed in Hong Kong and the United States, with a strong focus on mid-cap and also pre-IPO companies.

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