Fosun Fashion is looking out for investors!
The objective behind Fosun’s efforts to seek investors is to have capital to revamp and grow the business. The Fosun Group has, however, made its clear that if it is not able to locate investors for its fashion unit, it may later invest its own funds in its business.
More on the same, Fosun, in an interaction with media, said that it is planning to raise over US $ 100 million, the proceeds of which will be utilised for enhancing the brands and boosting the profits.
Fosun has already started the process of negotiating with several business partners. In fact, many Asian family businesses have shown interest in associating themselves with Fosun Fashion, the owner of Tom Tailor, Wolford and the renowned Italian suit maker Raffaele Caruso.
According to media reports, if the investors finally decide to come on board, they may end up gaining significantly from Fosun Fashion’s IPO in Paris that has been under consideration for many years now.