Another shake-up in the fashion world currently came from Lanvin. Artistic director, Olivier Lapidus, ended his tenure for less than a year and two collections. Not only Lapidus, its manager, Nicolas Druz is also parting ways with the fashion house. The news was followed by the updates of its internal side. Fosun Group who owned by Taiwan tycoon, Shaw-Lan Wang, has made another acquisition, made them the majority stake compared to Ralph Bartel, the Swiss businessman who only owned the company for 25 percent.
Joann Cheng, president of Fosun Fashion Group and chairman of the Lanvin board of directors, says, “Olivier steered the Maison through a transitional period between ownerships. We thank him for that and wish him every success for his brand and future endeavours.” She will become the temporary CEO. Meanwhile, Druz is taking a new position as managing director of Fosun Fashion Group “to support the group’s current and future business expansion in Europe.”
Wang who decided to end Alber Elbaz tenure in 2015, has appointed Bouchra Jarrar after, and yet she has too only stayed for 16 months. Only one week then, Lapidus was appointed to be her successor. Are we going to hear another appointment by next week after Lapidus news?