Chinese-owned luxury fashion company Lanvin Group made its debut on the New York Stock Exchange on Thursday, after merging with a blank-check firm backed by Chinese private-equity firm Primavera Capital.
Lanvin Group , which owns multiple Western brands, is controlled by China’s Fosun International Ltd. and has raised over $150 million in fresh capital at a valuation of $1 billion. It came to the market despite a sharp turn in fortunes for special-purpose acquisition companies and a wider slowdown in the market for new listings.
