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St. John Owner to Buy Sergio Rossi With Eyes on China Growth

As we settle into the new year, our Sourcing Summit Companion Report looks ahead at ways to optimize processes and performance.

Shanghai-based Fosun Fashion Group (FFG) has entered into an agreement to completely acquire Sergio Rossi, it announced Thursday. The Fosun International associate will buy the Italian footwear brand from Absolute Luxury Holding, an independently managed investment subsidiary of Investindustrial. Since its founding in 2017, FFG has acquired majority ownership of several luxury brands, including the…

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