Latest fashion industry deals

Date: Closed 4 May 2018
Buyer: Fosun Industrial Holdings Limited
Target: Wolford AG
Business: Luxury hosiery, bras and bodywear retailer
Value: Approximately EUR 12.80 per share (unconfirmed)
Details: Chinese private conglomerate Fosun Industrial Holdings Limited has become the majority shareholer of Vienna listed Wolford AG, having acquired a 50.87% stake in the luxury textiles firm from the former major shareholder group. The deal reportedly included Fosun agreeing to provide EUR 22 million of fresh equity to the target company.




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