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…
Fosun Tourism’s post-Covid holiday fizzles
The resort unit of one of China’s leading conglomerates posted modest growth in the first quarter, as its broader outlook was clouded by debt issues at its parent Key Takeaways:…
Fosun Tourism at crossroads as parent shops its two major assets
Fosun International is reportedly looking to sell some or all of its tourism unit’s Atlantis Sanya mega-resort, as well as a stake in the unit’s Club Med resort chain Key…
Recent Articles
BRIEF: Fosun pledges 27% of Fosun Pharma’s A-shares
2196.HK
600196.SHG
Fosun Tourism at crossroads as parent shops its two major assets
1992.HK
0656.HK
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