Lanvin Seeks investor
Lanvin owner Shaw-Lan Wang is reportedly seeking a minority investor. According to WWD, Shaw-Lan Wang , who bought Lanvin from L'Oréal in 2001, has been in contact with potential partners at a time when the brand is enjoying strong momentum and rapid sales growth, sources said. Sources said Wang is looking for a partner to provide a capital increase in return for a minority stake to speed growth of the French fashion house, which is underdeveloped versus its competitors in terms of product categories and retail expansion. French financial daily Les Echos said Wang is seeking to sell 35 to 40 percent of Lanvin at a price that would value the business between 100 million and 200 million euros, or $156 million to $312 million at current exchange. "She's been looking for a minority partner since she bought the business," said one source.