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.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Trading in China Evergrande shares, onshore bonds suspended pending announcement by companyTrading was also halted in shares of China Evergrande’s property services unit and electric vehicle unit, exchange filings showed For all those who are new to this working from home Bitcoin trading options Here's a little tip: Get a trusted Bitcoin expert and stick to him Arnoldnike93 Invest and play at similar times each day. Because : In times of chaos, your investment is your anchor to success⚖️
Source: globeandmail - 🏆 5. / 92 Read more »

U.S. securities regulator proposes requiring companies disclose climate-related risks, emissions dataThe U.S. SEC unveiled its long-anticipated draft rule under which companies would disclose their own direct and indirect greenhouse gas emissions, known as Scope 1 and Scope 2 emissions As more companies leave America 🇺🇸 they will look to other nations to setup shop!
Source: globeandmail - 🏆 5. / 92 Read more »

BMO raises cash it needs for Bank of the West acquisitionBMO is funding the bulk of the planned acquisition with excess capital on its own balance sheet and Bank of the West’s
Source: globeandmail - 🏆 5. / 92 Read more »