Global luxury fashion group, Lanvin Group and Primavera Capital Acquisition Corp have entered into a definitive business combination agreement to list Lanvin Group on the New York Stock Exchange under the ticker symbol "LANV". The collaboration will enable Lanvin Group to benefit from Primavera's extensive networks and insights in the consumer sector. It will strengthen the group’s balance sheet, to create long-term sustainable value across its portfolio and to catalyze growth with further acquisitions.

Joann Cheng, Chairman and CEO of Lanvin roup, says, through this collaboration, the group plans to accelerate the growth of its portfolio via both organic development and disciplined acquisitions. It aims to build a global portfolio of iconic luxury fashion brands that appeal to a broad customer base. The group will not only enable these brands to flourish in their home countries, but also in Asia and North America, the largest luxury markets in the world.

Max Chen, Chairman, CEO & CFO of PCAC, and Partner of Primavera, adds, the collaboration will focus on developing Lanvin Group's global platform and driving growth across its brand portfolio.