Lanvin Group to go public via merger with Primavera Capital Acquisition in a $1.5bn deal.

Lanvin Group, a multinational high fashion house, is set to go public via merger with Primavera Capital Acquisition, a special purpose acquisition company listed on The New York Stock Exchange, in a $1.5bn deal. The deal includes a $130m PIPE investment from Fosun, ITOCHU, Stella International, Baozun, Golden A&A, Aspex Master Fund and Sky Venture Partners. "Today's announcement marks another milestone in Lanvin Group's growth journey. We are excited to partner with Primavera for our next chapter of growth across Europe, North America and Asia. In recent years, we have not only invested in prestigious heritage brands but have also created a strategic alliance of industry-leading companies as partners and co-investors in Lanvin Group. Each of these partners is uniquely qualified to help drive growth, enhance the performance of our brands and unlock the full potential of new markets. We plan to accelerate the growth of our portfolio via both organic development and disciplined acquisitions, building a global portfolio of iconic luxury fashion brands that appeal to a broad customer base. Lanvin Group will not only enable these brands to flourish in their home countries, but also in Asia and North America, the largest luxury markets in the world," Joann Cheng, Lanvin Group Chairman and CEO.