There is a lot riding on the choice, not just for Mr. Sialelli but also for Fosun, a relative newcomer to the luxury industry. Lanvin was once the darling of the fashion set thanks to the designer Alber Elbaz, who along with the former owner Shaw-Lan Wang revived the house he called a “sleeping beauty” and made it beloved of stars like Meryl Streep and Natalie Portman. But it has recently suffered from poor management, designer churn, plunging revenues and internal strife. After a disagreement with Mrs. Wang, Mr. Elbaz was fired in 2015; he was replaced the next year by Bouchra Jarrar, who lasted only 16 months before also coming into conflict with management. (The label was founded by Jeanne Lanvin in 1899.)

Source: New York Times January 21, 2019 08:31 UTC