Paul Hastings advised Fosun Group, China’s largest private-owned conglomerate, in its $40 million acquisition of a controlling 50.87 per cent stake and a follow-up capital increase in Vienna-listed luxury textiles maker and lingerie brand Wolford.
This will trigger a mandatory takeover offer for the whole business.
Wolford AG designs, manufactures, and markets a variety of women’s legwear, clothing, swimwear, lingerie, and accessories. The Company, led by Thomas Tschol, Axel Dreher and Brigitte Kurz, offers knitted naturaland other fine fiber products fashioned by its international creations design team. Wolford sells its products through its own boutiques, and shops within department stores worldwide.
Paul Hastings advised with a team including Shanghai-based partner Jia Yan (Picture) and Frankfurt-based partner Christopher Wolff, with support from associate Stancy Qian.
Law Firms: Paul Hastings;
Clients: Fosun International Limited;