Lanvin Group is about to go public, and luxury goods group has added another giant

　Recently, Lanvin Group, a luxury goods group owned by Fosun, and Primavera Capital Acquisition Corp. (PCAC), a special purpose acquisition company owned by investment management company Primavera, said that the merger transaction has been approved by shareholders and will be listed on the New York Stock Exchange tomorrow under the ticker symbol LANV.

PCAC is a special purpose acquisition company listed on the New York Stock Exchange and a subsidiary of Primavera Capital Group. In January 2021, Primavera Capital launched the PCAC, raising US$414 million. This means that after more than one year of searching, Primavera Capital selected Fulang Group as the final M&A target.

Members of the management of Fulang Group and PCAC are expected to ring the opening bell of the New York Stock Exchange on Thursday, December 15, 2022 at 9:30 a.m. ET.