Fashion lovers will soon have another opportunity to invest in fashion companies. Following the footsteps of its rivals LVMH and Kering which have been listed on the stock exchange since the 1980s, Lanvin just decided to go public as well. The company announced an agreement with Primavera Capital Acquisition Corporation. The transaction values Lanvin at $1.5 billion.
Last year, Lanvin achieved sales of $333 million with almost half of the sales coming from Europe. The company wants to place a lot of emphasis in realizing the untapped potential of its brands across North America and Asia to achieve significant growth in the years ahead. Lanvin is also planning to enter new categories to compete in, including leather goods, leather goods, perfumes and cosmetics as well as athleisure products.
The company is also planning to supplement its growth through investments and acquisitions. This year, Lanvin plans to launch a $20 million incubator fund which will make minority investments in startups in fashion, supply chain, design and e-commerce. On top of that, Lanvin said they have more than 10 potential investment opportunities over the next three years and could make up to two this year. We are eager to see what Lanvin decides to do when the company will make those announcements.
With all of these initiatives combined, Lanvin expects to be growing faster than its peers. Lastly, its previously assembled strategic alliance with various well-known companies such as Stella International and Baozun will continue to remain in place and work with Lanvin through the next chapter of its company history which dates back more than 130 years ago when Lanvin was founded in Paris, France.
All images courtesy of Lanvin
