The luxury group announced, in conjunction with Primavera Capital Acquisition Corporation (PCAC), that its shareholders have approved their combination and the company’s proposed initial public offering.
Following the December 9 shareholders’ meeting, Lanvin Group and Primavera Capital Acquisition Corporation said shareholders approved the merger of the two companies and the listing of Lanvin on the New York Stock Exchange (NYSE) this week.
The merger is expected to close on December 14, 2022, ahead of the NYSE listing the following day. The group will operate under the name Lanvin Group, while its transactions will appear under the name “LANV”.
Lanvin Group and PCAC executives are expected to ring the NYSE bell on the morning of Dec. 15, along with the management teams of their brands: Lanvin, Wolford, Sergio Rossi, St. John Knits and Caruso.
“Going public is a natural step for Lanvin Group at this time,” explains Joann Cheng, president and CEO of Lanvin Group. “Going forward, our strategy is to drive continued organic growth through geographic, channel and product expansion for our brands, combined with disciplined investment in the luxury fashion industry.”
Featured photo : © Lanvin
