Fosun International Ltd., the investment arm of China’s biggest closely held industrial group, agreed to buy a stake in Raffaele Caruso SpA, an Italian maker of suits for companies including Christian Dior SA.

The purchase of 35 percent of Caruso through a capital increase will be completed this month, the clothier’s Chief Executive Officer Umberto Angeloni said in a Sept. 6 interview in Paris, declining to disclose financial details of the transaction. The closely held suitmaker will be rebranded Fabbrica Sartoriale Italiana and keep making luxury menswear under the Caruso label, he said.

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