HK-listed Fosun climbs on report of buying luxury shoemaker Sergio Rossi

Reuters2021-06-11

June 11 (Reuters) - ** HK-listed shares of Chinese conglomerate Fosun International Ltd climb 0.9% to HK$11.84, on course to snap six consecutive sessions of decline

** Conglomerate's Fosun Fashion Group has agreed to buy Italian luxury shoemaker Sergio Rossi from private equity firm Investindustrial, the Chinese group told industry publication WWD on Thursday, without giving financial details

** Latest acquisition follows investments in other luxury and fashion brands in Europe in the past years, such as French couture label Lanvin and Italian high-end menswear maker Caruso

** Stock biggest percentage gainer on the Hong Kong composite Industry Index tracking conglomerates

** The Hong Kong composite Industry Index tracking conglomerates slips 0.8%

** The Hang Seng China enterprises index gains 0.1% and the benchmark index climbs 0.4%

** The stock of the Shanghai-based conglomerate had slid 3.6% this year, as of last close

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