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Can Chinese Luxury Investors Get Back on Track?

After weathering the challenges of zero-Covid, the owners of international brands like Lanvin and Carven are betting on economic recovery in their home market.
A model walks the runway in a silver dress at a Lanvin fashion show in Paris.
Owners of international brands like Lanvin and Carven faced challenges in their home market under ‘zero-Covid’ rules but China’s economic recovery is now on the horizon. (Getty Images)

The revolving door at Lanvin Group is still swinging. On the heels of the sudden departure of group chief financial officer Shang Koo last month, the Shanghai-based firm said on Feb. 24 its executive president and co-chief operating officer Grace Zhao is stepping down. Zhao will be transferred to a new role within corporate parent Fosun International effective March 1. But these recent changes at the group behind five international luxury brands suggest it is still troubleshooting the makeup of its senior management team.

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