Luxury fashion company Lanvin Group, owned by China’s Fosun, plans New York listing via SPAC

Lanvin Group, the luxury fashion company owned by Chinese conglomerate Fosun International Ltd, said on Wednesday it plans to list in New York by merging with a special purpose acquisition company and aims to raise up to $544 million to fund its global expansion ambitions.

The announcement came less than two weeks after U.S. regulators named five New York-listed Chinese companies that face delisting risks, and shows that some Chinese companies are undeterred by the long-running auditing dispute between Beijing and Washington. The group, which operates in over 80 countries with more than 300 retail stores, expects to open over 200 new stores by 2025, seeking to capture growth opportunities in North America and Asia, beyond its stronghold in Europe.

Ronald Shuang, chairman of boutique investment company Balloch Holding Group, said many Chinese companies remain keen to list in the U.S., despite geopolitical tensions.

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