Fosun Acquires Majority Stake in Wolford

By Lauren Brown

VIENNA, Austria — China’s Fosun will pay 33 million euros (£29,25 million) for a majority stake in loss-making luxury textiles maker Wolford and make a mandatory takeover offer to other shareholders, the Austrian company said on Thursday. Financial investor Fosun also agreed to provide up to 22 million euros as part of a capital increase, it […]

Filed Under: Fashion News Tagged With: Acquisition, Austria, Fosun, News & Analysis, Vienna, Wolford

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