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.
