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Lanvin Group Holdings Limited (NYSE: LANV) is a renowned global luxury fashion conglomerate headquartered in Shanghai, China. The Group operates five iconic portfolio brands: Lanvin, Wolford, Sergio Rossi, St. John Knits, and Caruso, offering a wide range of products including apparel, leather goods, footwear, and accessories.
Lanvin: Known for its timeless elegance, the Lanvin brand has recently undergone a creative reorganization, appointing new leadership and expanding its product lines. Despite a slight revenue drop in H1 2023 due to this transition, the brand is poised for growth with innovative collections and strategic market entries.
Wolford: The segment, which is the primary revenue driver, delivered a solid performance, growing its revenue by 8.4% in H1 2023, bolstered by the appointment of Nao Takekoshi as Creative Director. Significant contributions came from the expansion in Greater China and strategic marketing campaigns.
Sergio Rossi: This brand experienced a notable 22.4% revenue growth in H1 2023, driven by new product launches and international collaborations. The segment's strong presence in EMEA and North America underscores its market resilience.
St. John: Known for its luxurious knitwear, St. John grew its revenue by 11.3% in H1 2023, thanks to the introduction of the Foundation collection and strategic marketing initiatives. The brand continues to modernize its supply chain and expand its market footprint.
Caruso: With a heritage of Italian craftsmanship, Caruso saw a remarkable 33.6% revenue increase in H1 2023, driven by robust B2B sales and a growing branded collection.
In the first half of 2023, Lanvin Group achieved a revenue of €215 million, reflecting a 6.4% year-over-year growth, with a gross profit of €125 million, resulting in a 58.5% gross profit margin. The Group's strategic reorganization, innovative product launches, and effective market expansion strategies are paving the way for sustained growth and profitability.
Lanvin Group's proactive measures, such as reacquiring the Japan trademarks and establishing new creative directions, are expected to fortify its market position. With ongoing efforts to improve operational efficiency and drive margin growth, the Group is on track to achieve breakeven Adjusted EBITDA by 2024.
For more information, visit the Group's investor relations website at ir.lanvin-group.com.
Lanvin Group (NYSE: LANV) reported preliminary unaudited revenues of €328 million for FY2024, marking a 23% decrease from FY2023. This decline reflects a transitional year focused on creative evolution and strategic realignment.
Performance across brands varied: St. John and Caruso showed relative stability with declines of 12% and 7% respectively, while Wolford experienced a 31% revenue drop due to logistics disruptions and macroeconomic challenges. Lanvin and Sergio Rossi faced industry headwinds while undergoing creative renewal.
Geographically, Japan and North America demonstrated resilience, while EMEA saw declining wholesale purchases and Greater China continued to underperform. The Group has appointed Andy Lew as Executive President and is establishing a second headquarters in Europe, with new Artistic Directors at Lanvin and Sergio Rossi to drive future growth.
Lanvin Group (NYSE: LANV), a global luxury fashion group, has announced it will release its unaudited revenues for full-year 2024 on Friday, February 28, 2025. The Group will host a conference call and webcast at 8:00 a.m. Eastern Standard Time (9:00 p.m. China Standard Time) on the same day to discuss results and provide a 2025 outlook.
Management will present slides during the call, accessible through the 'Events' tab on the Group's investor relations website. Participants must pre-register for the conference call through the provided registration link. After registration, they will receive dial-in numbers, a passcode, and a registrant ID.
A replay of the call will be available for approximately one hour after the live call until March 07, 2025, through US Toll Free, International Toll, and Canada Toll Free numbers. An archived webcast will also be available on the Group's investor relations website.
Lanvin Group (NYSE: LANV) announced significant leadership changes and organizational restructuring. Andy Lew, CEO of St. John Knits, has been appointed as Executive President, while former CEO Eric Chan transitions to a Board director position. The company will establish a second headquarters in Europe under Lew's leadership.
Lew brings over 35 years of fashion industry experience, having held senior positions at Brooks Brothers Group, Ermenegildo Zegna Group, and Nordstrom Inc. In his new role, he will oversee operations, strategic implementation, business development, financial management, and brand operations.
The Board of Directors has expanded from eight to nine members, with Alan Liu replacing Grace Fang as a director alongside Eric Chan. These changes aim to strengthen the company's position in the luxury fashion industry and advance its strategic goals.
Lanvin Group Holdings (NYSE: LANV) announced it will hold its virtual Annual General Meeting (AGM) on December 11, 2024, at 9:00 AM EST. The meeting will serve as an open forum for shareholders to discuss company affairs with board and executive management, with no proposals requiring shareholder approval. Only shareholders of record as of November 22, 2024, are eligible to participate. The company has also filed its annual report on Form 20-F for fiscal year 2023 with the SEC, which is accessible on both the company's investor relations website and the SEC website.
Lanvin Group (NYSE: LANV) reported H1 2024 revenue of €171 million, a 20% decrease from H1 2023. Despite this, the gross profit margin remained stable at 57.5%. The decrease in revenue was attributed to global luxury market softness, particularly in EMEA and Greater China, and integration issues with Wolford's new logistics provider.
Lanvin saw 9% growth in APAC excluding Greater China. Strategic actions included appointing Peter Copping as Lanvin's Artistic Director and Regis Rimbert as Wolford's CEO. Adjusted EBITDA decreased by €1 million due to effective cost management.
Brand-specific revenue changes: Lanvin down 15.4%, Wolford down 27.6%, St. John down 14.3%, Sergio Rossi down 38.2%, and Caruso down 1%. The Group remains focused on long-term growth and operational stability despite market challenges.
Lanvin Group will host a conference call to discuss these results and future outlook. Details are available on their investor relations website.
Lanvin Group (NYSE: LANV) has announced the appointment of Paul Andrew as Creative Director of Sergio Rossi, an Italian luxury footwear brand. Andrew, known for his innovative designs and technical expertise, has previously worked with renowned fashion houses like Donna Karan, Calvin Klein, and Alexander McQueen. He launched his own footwear collection in 2013 and has held significant positions at Salvatore Ferragamo, including Creative Director of all product categories.
Zhen Huang, Chairman of Lanvin Group, emphasized Sergio Rossi's seven-decade legacy of craftsmanship and artisanal excellence. Eric Chan, CEO of Lanvin Group, expressed confidence in Andrew's ability to lead Sergio Rossi into a new era of success, balancing heritage with innovation. Paul Andrew stated his commitment to building upon Sergio Rossi's spirit of innovation and high craft while proposing a new vision for the brand.
Lanvin Group, a global luxury fashion group, has appointed Peter Copping as Artistic Director of its flagship brand, Lanvin. Copping, a renowned designer with extensive experience across major fashion houses, will lead the creative direction for both womenswear and menswear collections from September 2024. He has previously held significant roles at Sonia Rykiel, Louis Vuitton, Nina Ricci, Oscar de la Renta, and most recently, Balenciaga. The appointment aligns with Lanvin's ongoing brand transformation aimed at merging radical chic with French sophistication. Lanvin Group's leadership is optimistic that Copping's talent will drive the brand's continued growth and innovation.
The Lanvin Group (NYSE: LANV) has appointed Regis Rimbert as the new CEO of Wolford AG, effective June 14, 2024. Rimbert succeeds Silvia Azzali, who is leaving for personal reasons. With over 20 years of leadership in the fashion sector, including roles at Prada and Dior, Rimbert is known for strategic planning, business development, and operational excellence. He aims to drive Wolford's international development, enhance product lines, and embrace technology innovation. Lanvin Group supports this transformation, viewing Wolford as a key growth engine.
Lanvin Group reported a 1% increase in revenue to €426 million for FY2023, with gross profit margin reaching 59%. Positive trends include steady regional growth, improving store metrics, and on-track cashflow breakeven in 2025. Despite challenges, the Group remains resilient and focused on brand optimization and profitability. Key financials show improved margins across various brands, though Adjusted EBITDA is still negative.
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