Lanvin Group news and archive

Global luxury slowdown impacts Lanvin Group's H1 results

Lanvin Group with Lanvin, Wolford, Sergio Rossi, St. John and Caruso in its portfolio of brands, generated revenue of 171 million euros, a 20 percent decrease versus the prior year. The company said that the main drivers of revenue decline were global market softness coupled with a struggling wholesale market. The group expects a challenging...

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Regis Rimbert is the new CEO of Wolford AG

Lanvin Group has announced the appointment of Regis Rimbert as CEO of Wolford AG effective June 14, 2024. He succeeds Silvia Azzali, who has chosen to leave the company for personal reasons. Rimbert, the company said in a release, has more than 20 years of leadership experience across the fashion and luxury sectors, spearheading transformative...

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Lanvin Group maintains growth momentum in 2023

Lanvin Group full year revenue of 426 million euros, increased 1 percent; and gross profit was 251 million euros, representing a 59 percent gross margin, a 250 bps increase versus 2022. Commenting on the full year trading, Zhen Huang, chairman of Lanvin Group, said: "In reviewing our 2023, I thought back to the resiliency we showed during the...

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Lanvin Group manages to achieve marginal sales growth

Lanvin Group reported revenues of 426 million euros, a 1 percent increase versus 2022. Commenting on the company’s performance, Eric Chan, CEO of Lanvin Group, said: "2023 was a year full of macroeconomic headwinds and global challenges. A softening second half saw the luxury fashion industry in a position it has not been in, in quite some time....

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Lanvin Group’s Joann Cheng to step down, successors named

Luxury conglomerate Lanvin Group has announced that its founding chairman and chief executive officer, Joann Cheng, will be stepping down from her position “to pursue new endeavours outside the group”. Cheng’s departure comes after the exec served for six years at the group, for which Lanvin’s board “expressed its deep appreciation” for her...

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Lanvin Group posts increase in H1 revenue, but losses widen

Luxury fashion group Lanvin has reported widening losses in the first half of the year despite a 6.4 percent increase in revenue. The group, whose portfolio includes its namesake label as well as Sergio Rossi, Wolford, and St. John Knits, posted a H1 loss of 72.2 million euros compared to a loss of 68.7 million euros the prior year, while its...

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Lanvin Group posts 37 percent jump in FY sales

Luxury fashion group Lanvin confirmed Thursday it made record sales in 2022, up 37 percent from the prior year. The group, whose portfolio includes its namesake label as well as Sergio Rossi, Wolford, and St. John Knits, posted sales of 422.3 million euros in its audited results Thursday - that’s compared to sales of 308.9 million euros a year...

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Lanvin Group reports record sales for 2022

Luxury fashion conglomerate Lanvin Group has announced its preliminary revenues for FY22, during which time it said it had achieved record sales. The group, which owns the likes of Lanvin, Wolford and Sergio Rossi, reported revenues of 425 million euros, an increase of 38 percent year-over-year (YoY) compared to 2021, exceeding previous...

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Lanvin Group CFO resigns ahead of financial outlook report

Luxury fashion conglomerate Lanvin Group has said that its chief financial officer Shang Koo announced his intention to resign. While the search for Koo’s replacement goes ahead, David Chan, the group’s executive president, will serve as interim CFO. Chan will also retain his current role, overseeing the group’s activities including...

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Lanvin Group appoints music industry veteran to board

Luxury fashion conglomerate Lanvin Group has announced the appointment of Ceci Kurzman to its board of directors as a new independent director. Her appointment brings up the board’s total members to eight, four of which are independent. Kurzman will further serve as a member of the group’s Audit and Nominating and Corporate Governance...

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Lanvin to open stores after cash-flush listing

With no debt and 150 million euros in the black after its New York listing last week, the Lanvin Group said it will open stores to accelerate growth. The Group, which operates Lanvin, Wolford, shoemaker Sergio Rossi and tailoring brand Caruso, may also look to other acquisitions to boost its portfolio and presence, Executive President and...

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Lanvin Group shares tumble following NYSE debut

Luxury fashion group Lanvin saw its shares fall 25 percent in its first day of trading on the New York Stock Exchange (NYSE). The group, which is owned by China’s Fosun International, began trading on Thursday under the ticker ‘LANV’ after announcing in March plans to become publicly traded via a business combination with Primavera Capital...