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Itochu joins $150m funding round for fashion arm of China's Fosun

Shoemaker Stella International also to take stake in Lanvin Group

Lanvin Group currently generates 90% of its sales outside China.   © Reuters

SHANGHAI -- Chinese conglomerate Fosun International on Monday enlisted Japanese trading house Itochu and other investors to inject $150 million into its fashion unit.

Fosun, led by tycoon Guo Guangchang, was one of four private conglomerates to come under pressure from Beijing in 2017 over their fevered pace of global acquisitions, along with HNA Group, Anbang Insurance and Dalian Wanda Group.

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