Lanvin Group Advances Strategic Transformation and Portfolio Optimization Amid Challenging Luxury Market Accessibility StatementSkip Navigation SHANGHAI, March 17, 2026 /PRNewswire/ -- Lanvin Group (NYSE: LANV, the "Group"), a global luxury fashion group with Lanvin, Wolford, Sergio Rossi and St. John in its portfolio of brands, today announced its preliminary, unaudited revenues for the full-year 2025. Despite a challenging global luxury market in 2025, Lanvin Group continued advancing its strategic transf ...

Core Viewpoint - St John Knits has appointed Mandy West as CEO, effective March 6, 2026, marking an internal promotion aimed at enhancing the company's retail and commercial operations [1]. Company Summary - Lanvin Group, a global luxury fashion group, is headquartered in Shanghai, China, and Milan, Italy, managing iconic brands such as Lanvin, Wolford, Sergio Rossi, and St. John Knits [1]. - The company aims to expand its global footprint and achieve sustainable growth through strategic investments and operational expertise, focusing on the fastest-growing luxury fashion markets [1]. Leadership Background - Mandy West joined St John Knits in 2019 and previously served as Chief Commercial Officer, overseeing retail store strategy and broader commercial operations [1]. - Prior to her role at St John Knits, Ms. West held management positions at Intermix, Nike, and Tesla [1].

Group 1 - Marco Pozzo has been appointed as the CEO and Chairman of Wolford AG, effective March 1, 2026, to lead restructuring and strategic initiatives [1] - Pozzo has been a member of the Management Board since July 2025 and previously served as Deputy CEO, indicating a recognition of his performance [1] - The appointment aims to strengthen customer confidence and support the implementation of Wolford AG's strategic priorities [1] Group 2 - Lanvin Group, headquartered in Shanghai and Milan, manages several luxury brands including Wolford, and aims for sustainable growth through strategic investments [1] - The Group's shares are listed on the New York Stock Exchange under the ticker symbol "LANV" [1]

Core Insights - Fosun Group is restructuring its Lanvin Group luxury unit to achieve profitability after years of losses [1][4] - The company is considering selling its Sergio Rossi brand and factory, following the recent sale of its Caruso brand [2][5] Financial Performance - Lanvin's revenue fell by 22% year-on-year to 133 million euros ($156.9 million) in the first half of last year, with a reported loss of 87 million euros [4] - The sale of Caruso, which contributed approximately 13% of Lanvin's revenue, and Sergio Rossi, which contributed 11.4%, could result in a loss of about a quarter of the company's income [3][11] Market Context - The global market for personal luxury goods shrank by 2% to 358 billion euros last year, indicating a broader slowdown in luxury retail [6] - Major luxury retailers like LVMH and Kering reported revenue declines, and Saks Fifth Avenue declared bankruptcy [6] Management Changes - Lanvin has undergone significant management changes, including the appointment of Han Jiyang as CFO and Andy Lew as CEO, signaling a potential restructuring [7][11] Brand Performance - St. John has been the best-performing brand within Lanvin, reporting stable revenue, while the Lanvin brand itself saw a 42.1% sales decline [12] - The restructuring may leave Lanvin with only St. John, Wolford, and its flagship brand after potential sales [10] Future Outlook - Bain forecasts a rebound in the Chinese luxury goods market, predicting modest expansion in 2026 after recent declines [14] - The ongoing overhaul of Lanvin raises questions about its future brand composition and market strategy [10]

Core Viewpoint - Fosun Group is restructuring its luxury fashion segment, Lanvin Group, aiming to transform it into a profitable entity after years of losses, starting with the sale of the Caruso menswear brand [2][4]. Group 1: Company Actions and Changes - The sale of Caruso is expected to reduce revenue by over 10%, but it may improve overall gross margin performance [1]. - The appointment of Han Jiyang as the new CFO follows two previous executive changes, indicating a potential larger-scale restructuring within the struggling luxury fashion segment [1][7]. - The company has also recently parted ways with designer Paul Andrew from the Sergio Rossi brand, suggesting further changes are imminent [2]. Group 2: Financial Impact and Performance - Caruso contributed approximately 13% to Lanvin Group's revenue in the first half of last year, while Sergio Rossi contributed about 11.4%. The potential sale of both brands could result in a loss of around 25% of revenue [4]. - The gross margin for Caruso was only 28.8% in the first half of 2025, while Sergio Rossi had a higher margin of 40.8%. Other brands under Lanvin Group, such as Lanvin and Wolford, had even higher margins [5]. - Lanvin Group's revenue fell by 22% year-on-year to €133 million (approximately $156.9 million), with a loss of €87 million (approximately $102 million) in the first half of 2025, widening from a loss of €69 million in the same period the previous year [5]. Group 3: Market Context and Future Outlook - The global personal luxury goods market shrank by 2% last year, reflecting a broader trend of declining revenues among major luxury brands like LVMH and Kering [6]. - Bain & Company predicts a rebound in the Chinese luxury market after a decline in 2024 and 2025, but questions remain about whether Lanvin Group can capitalize on this recovery [9]. - The company is reassessing smaller business segments acquired during its aggressive expansion in the early 2010s, with a focus on finding a path to profitability [9].

Group 1 - Lanvin Group announced the sale of its Italian high-end menswear producer Caruso to UAE's Mondevo Group subsidiary MondeVita Italy S.r.l. [1] - Caruso, established in 1964 and headquartered in Italy, has over 450 employees and combines high-end custom menswear production with brand operation capabilities [1] - Despite a decline in revenue, Caruso maintained stable profitability, with projected revenue of €37 million for FY2024, a 7% year-on-year decrease, and a gross profit of €10.73 million, with a gross margin increase from 28% to 29% [1] Group 2 - Post divestment of Caruso, Lanvin Group will focus more resources on core brands such as Lanvin, St. John, Wolford, and Sergio Rossi, aiming to strengthen its competitive advantage in the high-end luxury market [2] - This transaction marks a significant milestone in Lanvin Group's strategic transformation, with expectations of enhanced brand value and market performance in the global luxury goods sector [2]

Core Viewpoint - Lanvin Group has completed the sale of Caruso, a luxury Italian menswear brand, to MondeVita Italy S.r.l., indicating a strategic focus on sustainable development of core brands [1] Group 1: Lanvin Group - Lanvin Group is a leading global luxury fashion group headquartered in Shanghai and Milan, managing iconic brands such as Lanvin, Wolford, Sergio Rossi, and St. John Knits [1] - The company aims to expand its global footprint and achieve sustainable growth through strategic investments and operational expertise [1] - Lanvin Group's shares are listed on the New York Stock Exchange under the ticker symbol "LANV" [1] Group 2: Mondevo Group - Mondevo Group is a multi-divisional holding company based in Abu Dhabi, operating in technology, investment, and lifestyle sectors [1] - MondeVita, the lifestyle and luxury division of Mondevo, focuses on consolidating exceptional heritage brands across various sectors, including luxury goods and hospitality [1] - MondeVita aims to build a portfolio of best-in-class companies to leverage shared capabilities and economies of scale [1] Group 3: Caruso - Caruso is an Italian company known for high-end sartorial manufacturing, founded in 1964 and headquartered in Soragna, Parma [1] - The Caruso brand is recognized for its distinctive positioning of "Playful Elegance," combining sartorial rigor with contemporary Italian style [1] - The company employs over 450 individuals and serves as a trusted partner to prestigious global fashion houses [1]

Core Points - Lanvin Group Holdings Limited will hold its annual general meeting (AGM) virtually on December 18, 2025, at 9:00 AM EST, allowing shareholders to engage with the Board of Directors and executive management [1][2] - The Board of Directors supports the Proposed Resolution and recommends shareholders vote in favor of it [2] - The Company has filed its annual report on Form 20-F for the fiscal year ended December 31, 2024, with the SEC, which includes audited financial statements [3] Company Overview - Lanvin Group is a leading global luxury fashion group headquartered in Shanghai, China, and Milan, Italy, managing iconic brands such as Lanvin, Wolford, Sergio Rossi, St. John Knits, and Caruso [4] - The Company aims to expand its global footprint and achieve sustainable growth through strategic investments and operational expertise, focusing on the fastest-growing luxury fashion markets [4] - Lanvin Group is listed on the New York Stock Exchange under the ticker symbol "LANV" [4]

Group 1 - Lanvin Group has appointed Mr. Han Jiyang as the Chief Financial Officer, effective November 1, 2025, responsible for financial planning, analysis, accounting, financial management, capital management, investment projects, and investor relations [1] - Mr. Han brings nearly 20 years of experience in corporate finance, investment banking, and global business management, previously serving as Co-Chief Investment Officer at Yuyuan Inc. and General Manager of M&A for 3M in Greater China [1] - The Chairman of Lanvin Group, Mr. Huang Zhen, expressed confidence that Mr. Han's extensive experience in financial strategy and global mergers and acquisitions will enhance the group's financial management capabilities and support its global growth objectives [1] Group 2 - Lanvin Group is a global luxury fashion group headquartered in Shanghai and Milan, listed on the New York Stock Exchange under the ticker "LANV" since December 15, 2022 [2] - The group includes prestigious brands such as the historic French fashion house Lanvin, Austrian luxury apparel brand Wolford, Italian luxury footwear brand Sergio Rossi, American luxury women's wear brand St. John, and Italian high-end menswear manufacturer Caruso [2] - Lanvin Group aims to drive global expansion and sustainable development of its brands through strategic investments, industry operations, and a deep understanding of the rapidly growing luxury fashion market [2]

Core Insights - Lanvin Group has appointed Mr. Jiyang Han as Chief Financial Officer (CFO), effective November 1, 2025, to oversee financial affairs including planning, analysis, accounting, and investor relations [1][3] - Mr. Han has nearly two decades of experience in corporate finance and investment banking, previously serving as Co-CIO and Assistant President of Yuyuan and as M&A and Strategy Leader at 3M [1][2] - The appointment reflects Lanvin Group's commitment to strengthening financial discipline and supporting growth ambitions globally [3] Company Overview - Lanvin Group is a leading global luxury fashion group headquartered in Shanghai and Milan, managing brands such as Lanvin, Wolford, and Sergio Rossi [4] - The company aims to expand its global footprint and achieve sustainable growth through strategic investments and operational expertise [4] - Lanvin Group is listed on the New York Stock Exchange under the ticker symbol "LANV" [4]