PARIS Nov 18 French fashion house Lanvin has
found a minority investor to take a 12.5 percent stake, after a
lengthy search for a financial partner to help it develop, the
company said on Wednesday.
Lanvin said in a statement on Wednesday that the operation
had been carried out through a capital increase.
The identity of the investor was not revealed but a source
close to the matter said it was a European family-held company
wanting to invest in Lanvin for the long-term.
Lanvin said the move would help its long-term plans for
global expansion. The group has 19 stores of its own and 21
(Reporting by Pascale Denis; Writing by Helen Massy-Beresford;
Editing by Greg Mahlich)