trending Market Intelligence /marketintelligence/en/news-insights/trending/4KMM3HygVRV8Sliu-EL2Eg2 content esgSubNav
In This List

China's Fosun in talks to acquire majority stake in Italy's La Perla

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


China's Fosun in talks to acquire majority stake in Italy's La Perla

Chinese conglomerate Fosun International Ltd. is in talks to purchase a majority stake in Italian luxury lingerie group La Perla, Reuters reported, citing a joint statement from the companies.

Founder of telecommunications group Fastweb SpA, Silvio Scaglia reportedly bought La Perla in 2013 for $81 million through family holding Pacific Global Management, and he has invested more than €300 million in the Italian brand's global expansion.

The report added that Fosun will continue investing in the brand to develop its full potential as a global luxury fashion brand.

According to the joint statement, the completion of the deal reportedly is subject to the Shanghai-based conglomerate's approval.