China Fosun International Group Plans To Sell Shares Of Its Fosun Fashion Group.

According to a Bloomberg news, people familiar with the matter said that China Fosun International Group (hereinafter referred to as Fosun International) plans to sell some of its shares to the outside investors.

According to people familiar with the matter, Fosun fashion group plans to raise over $100 million through this paction to help its brand improve profitability and expand business.

At the same time, they are also considering the issues related to the overall listing in Paris in the coming years.

At present, the group is communicating with some potential investors, and some Asian family businesses are also interested in the trading form.

But the deliberations of the paction are still in its infancy, and some details will remain unchanged.

If it fails to find a suitable partner, Fosun international may also increase its own investment in fashion group.

Fuxing international declined to comment.

Fosun fashion group is mainly responsible for managing the fashion related assets and business of the group, including the French luxury brand Lanvin, Austria high-end underwear brand Wolford, American luxury women's wear brand St. John Knits, Italy luxury men's wear brand Caruso, Germany fashion group Tom Tailor, etc.

In February this year, Fosun fashion group set up a brand operation company, Fuxing fashion brand management company, in order to better help overseas brands to expand its business in Greater China.

In May this year, Marquee Brands, a brand management company in New York, reached a strategic partnership with Fosun fashion group, and signed the news of the brand promotion agreement.