New York

new flagship

Umberto Angeloni (left), CEO of Italian luxury menswear manufacturer Caruso, joins Patrick Zhong, head of global investment of Fosun Group, at the opening ceremony of Caruso's 1st global flagship store in New York on Thursday. Fosun, one of China's largest private investment group, purchased a 35 percent stake in Caruso in September 2013. Lu Huiquan / for China Daily