The Lanvin Group jumped onto the Wall Street roller coaster on Thursday — stoning up after which plunging down in its first day of trading — giving chairman and chief executive officer Joann Cheng the next profile and a fresh start as she pushes growth on the luxury house.
Lanvin accomplished its merger with the Primavera Capital Acquisition Corp. SPAC, putting the corporate onto the Recent York Stock Exchange just as investors generally frightened over disappointing retail sales and wondered just how high the Federal Reserve will ratchet up rates of interest.
Shortly after the corporate officially modified its name and began trading under the “LANV” ticker symbol, the stock shot up greater than 130 percent to $22.81. However the run-up was...
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