Fosun is buying a controlling 50.87 per cent stake in Vienna-listed luxury textiles maker Wolford for US$40 million and says it plans a full takeover of the business. Photo: AFP

Fosun buying US$40m majority stake, and will launch full takeover, of Austrian luxury textiles firm Wolford

Chinese private conglomerate’s move comes just days after acquiring troubled 129-year-old French fashion house, Lanvin

Topic |   Fosun Group

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Fosun is buying a controlling 50.87 per cent stake in Vienna-listed luxury textiles maker Wolford for US$40 million and says it plans a full takeover of the business. Photo: AFP
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