Fosun buys 35% stake in Italian luxury menswear brand
Fosun International, China’s largest privately-owned conglomerate, has agreed to buy a 35% stake in Italian menswear brand Caruso. Much like Fosun’s investments in other foreign brands, the plan is to support Caruso’s expansion in China.
The valuation was not disclosed but the Financial Times said it would be in the low millions of euros. The investment came about after Patrick Zhong, Fosun's head of global investments, was pleased with...
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