Fosun jewelry unit mines gold from new investors even as its profit shrinks
A Bank of China unit agreed to pump 400 million yuan into Shanghai Yuyuan Jewelry Fashion Group, becoming one of the company’s latest new investors Key Takeaways: Bank of China…
Fosun International sheds real estate assets in Portugal
On a mission to shrink its international footprint and contain debt, the conglomerate has sold off property holdings in what was a key European base Key Takeaways: The building units…
BRIEF: Lanvin revenue falls 23% in ‘transitional’ 2024
Luxury brand owner Lanvin Group (LANV.US) on Friday said its revenue fell 23% in 2024 during “a transitional year marked by creative evolution and strategic realignment amid market headwinds,” and forecast…
BRIEF: Fosun Tourism may have dropped into the red last year
Fosun Tourism Group (1992.HK), operator of the Club Med resort chain, said on Monday that it may have lost money last year, or reported a small profit. The company said…
Fosun moves on from debt crisis with renewed focus on tourism, healthcare
The conglomerate is looking to take Fosun Tourism and Henlius private as its finances improve, helped by asset sales Key Takeaways: In his New Year’s speech, Fosun founder Guo Guangchang…
BRIEF: Fosun pledges 27% of Fosun Pharma’s A-shares
Shanghai Fosun Pharmaceutical (Group) Co. Ltd. (2196.HK; 600196.SH) said on Monday that Shanghai Fosun High Technology, a subsidiary of Fosun International (0656.HK), has pledged 198 million shares of the Shanghai-listed…
Lanvin Group lacks shine amid luxury market slump
The Shanghai-based luxury goods company owned by conglomerate Fosun posted just 1% revenue growth last year, with the figure contracting in the second half Key Takeaways: Lanvin Group’s revenue grew…
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