Majority shares in luxury lingerie and nightwear brand La Perla are set to change hands following the announcement that a Chinese investment firm had begun the process of taking control of the company.
Fosun International and current majority shareholder, Pacific Global Management, have mutually agreed to an exclusivity period of 30 business days for Fosun to complete a due diligence appraisal prior to acquiring majority control of La Perla.
No details about the share worth or payment have been revealed at this stage.
The conclusion of the deal is subject to Fosun’s Investment Committee approval.
Fosun’s vision for La Perla is to continue investing in the brand to develop its full potential as a global luxury fashion house, leveraging its unique heritage, craftsmanship skills and existing management team.
In the second half of 2013, La Perla was acquired by Pacific Global Management, owned by Silvio Scaglia, who operates the world’s largest model management network, operating under the brands Elite, Women and The Society.
La Perla sells its products through a network of flagship stores, department stores and specialised boutiques worldwide.
The company, led by creative director Julia Haart, designs ready-to-wear, lingerie, sleepwear, beachwear, loungewear, accessories and haute couture for women and men who aim to express their style with sophistication and comfort.