Qatar-based Mayhoola for Investments is apparently interested in French fashion label Lanvin, whose Taiwanese owner, Shaw-Lan Wang, is willing to sell following a financially difficult 2016.
10 million euro loss
Allegedly, Shaw-Lan Wang wants 500 million euro for Lanvin, a figure communicated with Mayhoola last year, but both failed to reach an agreement back then. However, following a difficult financial 2016, Wang is now more willing to strike a deal. For 2016, the fashion label forecasts a 10 million euro net loss, compared to a 6.3 million euro profit the year before.
Lanvin appointed advice agency Long Term Partners to do an internal audit and it may even present a restructuring plan later this week, which may cost jobs as well.
Investment firm Mayhoola’s intended Lanvin acquisition fits its strategy, seeing how it already owns Valentino, Balmain and men’s fashion brand Pal Zileri.
