Lanvin Group news and archive

Wolford deepens losses again

Hosiery manufacturer Wolford reported increased losses again in 2024. The bottom line was a loss of 50.7 million euros. In the previous year, Wolford was able to limit the negative result to 30.8 million euros. “A number of unexpected events and operational headwinds impacted our performance, particularly in the last quarter, and put significant...

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Wolford postpones publication of annual financial statements

Austrian clothing supplier Wolford AG had planned to present its final results for the 2024 financial year on Wednesday. But that did not happen. The company announced late on Wednesday afternoon that the publication of the audited annual financial statements and the audited consolidated financial statements would be “postponed by a few days”....

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Lanvin group reports significantly higher annual loss

The Chinese fashion group Lanvin Group Holdings Limited had to accept significant sales losses and a significantly higher loss in the 2024 financial year. This is according to the current annual report presented on Wednesday by the parent company of the Lanvin, Wolford, St. John, Sergio Rossi and Caruso brands. “2024 was a transitional year for...

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Lanvin Group faces double-digit revenue decline in 'transitional year' 2024

The annual results for the Chinese fashion group Lanvin Group Holdings Limited are marked by a "transitional year" in which the company strategically adjusted its creative direction and operations. The owner of the Lanvin fashion house and the Wolford, Sergio Rossi, St. John, and Caruso brands reports a double-digit revenue decline for fiscal...

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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...