An investment fund managed by Chinese Fosun International Ltd. has announced the acquisition of a 35 percent stake in Caruso Spa. Fosun has chosen the Italian label as its first investment in the luxury sector in Europe as Guo Guangchang, chairman and founder of Fosun Group said in a note: “we are interested in investments linked to the secular trend of manufacturing and consumption upgrade in China. Fosun will leverage its own competitive advantages to help Caruso expanding in the China market as well as bringing this precious made in Italy brand to the Chinese consumers"...Read More
