Lanvin Group to open stores, hunt buys after US SPAC listing

Lanvin Group to open stores, hunt buys after US SPAC listing

Snow falls in front of the New York Stock Exchange (NYSE) in New York, U.S., on Wednesday, Jan. 30, 2019. Photographer: Michael Nagle/Bloomberg

Chinese luxury fashion conglomerate Lanvin Group, owner of the eponymous French fashion brand, said it is scouting for buys and will open new stores, after a New York SPAC listing on Thursday that raised $150 million and valued it at $1.31 billion.