China's Fosun Fashion Group has rebranded to Lanvin Group and could pursue acquisitions as it seeks to build a global portfolio of luxury brands, the company said, while also announcing the arrival of new investors.

"We actually are quite open about the potential acquisition targets," said Joann Cheng, chairwoman of Lanvin Group, which in addition to French label Lanvin also controls Italian luxury shoemaker Sergio Rossi and high-end tailor Caruso, Austrian hosiery and underwear specialist Wolford and American womenswear brand St. John Knits.

Lanvin Group has also announced two new strategic investors, Japanese trading conglomerate ITOCHU Corporation, and luxury footwear developer and manufacturer Stella International, as well as Xizhi Capital, an experienced private equity group in China in various sectors including fashion and consumer.