Core Insights - Lanvin Group reported a revenue of €171 million for H1 2024, reflecting a 20% decrease compared to H1 2023, primarily due to global luxury market softness and challenges in the wholesale channel [1][2][9] - Despite the revenue decline, the Group maintained a gross profit margin of 57.5%, only down 1% from the previous year, indicating resilience through effective cost management and strategic inventory practices [1][6][10] - Adjusted EBITDA showed a slight decline, decreasing to a loss of €42 million from a loss of €41 million in H1 2023, attributed to proactive cost management initiatives [2][12][20] Financial Performance - Group revenue decreased by 20% from €214 million in H1 2023 to €171 million in H1 2024, with direct-to-consumer (DTC) revenue down 14% and wholesale revenue down 30% [2][9] - Gross profit was €98 million, representing a gross profit margin of 57.5%, compared to €125 million and 58.5% in H1 2023 [5][10] - Contribution profit was reported at -€7 million, reflecting the impact of ongoing marketing investments despite cost reduction efforts [11][12] Brand Performance - Lanvin's revenue decreased by 10.8% to €48 million, with a gross profit margin increase from 56% to 58% due to improved full-price sell-through [3][13] - Wolford experienced a 28% revenue decline to €43 million, primarily due to logistics integration issues, resulting in a gross profit margin drop from 72% to 63% [15][18] - Sergio Rossi's revenue fell by 38% to €20 million, with a gross profit margin remaining stable at 50% despite a significant decline in wholesale revenue [16][17] Strategic Initiatives - The Group appointed Peter Copping as the new Artistic Director for Lanvin and Regis Rimbert as CEO for Wolford, aiming to enhance brand positioning and operational efficiency [7][8][14] - Lanvin Lab 2.0 was launched, featuring a collaboration with artist Erwin Wurm, showcasing the brand's commitment to innovation and creative marketing [8] - The Group plans to focus on cost efficiencies and marketing initiatives to drive brand momentum and profitability in the second half of 2024 [20][21]

Group 1 - Lanvin Group announced the appointment of Paul Andrew as Creative Director for Sergio Rossi, a luxury footwear brand [1][2] - Paul Andrew has a notable background, having worked with prestigious brands and won the CFDA/Vogue Fashion Fund, showcasing his expertise in design and brand building [1][2] - The appointment is seen as a strategic move to merge tradition with innovation, aiming to enhance Sergio Rossi's brand evolution and align with the changing tastes of luxury clientele [2] Group 2 - Lanvin Group is a global luxury fashion group headquartered in Shanghai, managing several iconic brands including Lanvin, Wolford, and Sergio Rossi [3] - The company focuses on expanding its global presence and achieving sustainable growth through strategic investments and operational expertise in the luxury fashion sector [3]

Group 1 - Lanvin Group has appointed Peter Copping as Artistic Director, effective September 2024, to lead the creative direction for both womenswear and menswear collections [1][2] - Copping has extensive experience in the fashion industry, having worked with notable brands such as Sonia Rykiel, Louis Vuitton, Nina Ricci, Oscar de la Renta, and Balenciaga [1][2] - The appointment aligns with Lanvin's ongoing brand transformation, emphasizing a blend of radical chic and French sophistication [2] Group 2 - Lanvin Group is a leading global luxury fashion group headquartered in Shanghai, managing several iconic brands including Lanvin, Wolford, Sergio Rossi, St. John Knits, and Caruso [3] - The company aims to expand its global presence and achieve sustainable growth through strategic investments and operational expertise in the luxury fashion sector [3]

Core Insights - Lanvin Group has appointed Regis Rimbert as the new CEO of Wolford AG, effective June 14, 2024, succeeding Silvia Azzali who left for personal reasons [1] - Rimbert brings over 20 years of leadership experience in the fashion and luxury sectors, with a focus on transformative initiatives in retail and international operations [2] - The strategic mission for Rimbert includes international development, product line enrichment, and technological innovation to enhance accessibility of Wolford's high-quality products [2] Company Overview - Wolford is recognized as an iconic skinwear brand with a 70-year heritage, known for its exquisite fabrics and innovations, and is a key part of the Lanvin Group [3] - Lanvin Group is a leading global luxury fashion group based in Shanghai, managing several iconic brands and aiming for sustainable growth through strategic investments and operational expertise [4]

Financial Performance - The company incurred significant losses of €76.5 million, €239.8 million, and €146.3 million for the years ended December 31, 2021, 2022, and 2023, respectively, and anticipates continued losses in the upcoming years[49]. - The company anticipates continuing to incur losses for the current year and upcoming future years[41]. - The company expects to incur negative operating cash flows in the next few years and may need to raise substantial additional funding[45]. - The company may need to curtail or discontinue growth initiatives if unable to secure sufficient funding on acceptable terms[167]. - The company is subject to various legal and regulatory risks, including compliance with intellectual property laws and potential sanctions, which could adversely affect its operations and financial condition[121]. Revenue Sources and Shareholder Relations - Approximately 12.5% of the company's revenues in 2023 are derived from operations in the Greater China region[25]. - The company has not made any transfers, dividends, or distributions to shareholders as of the date of the annual report, except for a cash dividend of $1.0 million paid to Meritz in 2022 and 2023[36]. - The company relies on dividends from its operating subsidiaries to fund operations, and any limitations on these payments could adversely affect business conduct[164]. - The company’s ability to pay dividends significantly depends on the dividends received from its subsidiary, FFG[205]. Operational Risks - The company faces risks related to health epidemics, which may continue to adversely impact its business and financial condition[42]. - The company is dependent on a limited number of distribution facilities, and operational difficulties at these facilities could materially adversely affect its business[49]. - The company is exposed to risks related to currency exchange rate fluctuations, which could affect its financial performance[44]. - The company is subject to the risk of trading prohibitions under the Holding Foreign Companies Accountable Act if its auditor cannot be inspected for two consecutive years[37]. - The company is subject to strict data protection laws globally, and non-compliance could lead to reputational damage and legal consequences[100]. Market and Competitive Environment - The company faces intense competition in the personal luxury goods industry, which may impact its market share and results of operations[43]. - The company competes intensely in the luxury goods industry, focusing on brand recognition, product quality, and effective marketing strategies[85]. - The company faces challenges in accurately forecasting consumer demand, which could lead to excess inventory or shortages, adversely affecting profitability[76]. - Consumer spending behavior has been negatively influenced by job losses and reduced incomes, particularly affecting formalwear and high-heeled shoe sales[59]. Strategic Initiatives and Growth - Strategic initiatives include optimizing product category mixes, expanding global channels, and enhancing digital strategies to drive growth[61]. - The company is focused on retail expansion and acquiring new customers, but faces challenges in new markets, including competition and regulatory issues[66]. - E-commerce is a rapidly growing segment, but the company must address risks related to technology, fulfillment, and consumer satisfaction to succeed[71]. - Acquisitions are a key growth strategy, but the company acknowledges risks related to identifying suitable targets and the complexities of integration, which may not yield expected benefits[112]. Legal and Regulatory Compliance - The company is subject to legal and regulatory risks, including potential litigation and compliance issues, which could impact its reputation and operations[43]. - The company may face increased legal and financial compliance costs due to changing laws and regulations, which could adversely affect its business operations[185]. - The company is obligated to maintain a coverage ratio of at least 150%, and if it falls below this threshold, it may need to provide additional security or cash to Meritz[210]. - The company has identified material weaknesses in its internal control over financial reporting as of December 31, 2023, which could impair the accuracy of financial statements[212]. Brand and Market Position - The company’s brand value is critical to its success, and any diminishment in brand perception could adversely affect sales and pricing[54]. - The company is currently facing challenges regarding the re-branding to Lanvin Group, with minority shareholders contesting the use of the "Lanvin" name[50]. - The company must navigate risks from counterfeit products that could harm brand reputation and market share[80]. - The company may need to increase marketing and advertising spend to combat the effects of counterfeit goods on brand reputation[82]. Economic and Geopolitical Factors - Global economic, political, and social conditions significantly influence the company's business, with recent geopolitical tensions potentially affecting demand and competitive position[137]. - The ongoing conflict in Ukraine and related sanctions may adversely affect the company's supply chain and customer base, impacting financial performance[159]. - Future economic conditions, including volatility in financial markets, may adversely affect customer orders and payment capabilities[102]. Environmental and Social Governance (ESG) - The company is developing a sustainability strategy and ESG goals, with the potential for increased costs and investments that could adversely affect results if stakeholder expectations are not met[127]. - The company is subject to risks associated with climate change and increased focus on environmental, social, and governance (ESG) matters, which could impact its operations[43].

Exhibit 99.2 Lanvin Group Shows Resiliency in Sales and On-Track Margin Improvement in 2023 Revenue Continues Year-over-Year Growth Trend • Revenue of €426 million for FY2023, a 1% increase over FY2022 despite macroeconomic headwinds • Continued margin improvement with Group gross profit margin increasing to 59% and both contribution profit (1) and adjusted EBITDA margins steadily improving • Resilient performance of the brands through challenging market environment; Lanvin brand showed improving trend in t ...

Financial Data and Key Metrics Changes - The company achieved revenue of €426 million in 2023, a 1% increase from €422 million in 2022, with a three-year compound annual growth rate of 24% since 2020 [5][11] - Gross profit increased to €251 million, with a gross margin improvement to 59% from 56% in 2022 [5][42] - Adjusted EBITDA margin improved by nearly 200 basis points, with contribution profit margin increasing by 255 basis points [13][43] Business Line Data and Key Metrics Changes - The Lanvin brand experienced a revenue decrease of 7% for the year, an improvement from an 11% decrease in the first half of 2022 [44] - Wolford achieved a modest 1% same-store sales growth in 2023, with a notable 11% increase in wholesale revenue [21][22] - St. John reported a 5% growth in revenue, with DTC revenue growing by 7% and e-commerce growth of 14% [47] Market Data and Key Metrics Changes - The APAC region reported nearly 8% growth, with Greater China growing by 9% [11] - The Asia Pacific region for Wolford saw an impressive 32% growth, while retail faced a decline of 3% [22] - Sergio Rossi experienced a 70% revenue growth in North America, with e-commerce growing over 5% [34] Company Strategy and Development Direction - The company is focusing on expanding its retail footprint, with plans for new openings in the Middle East and other key regions [7][12] - A strategic partnership ecosystem is being leveraged to enhance product offerings and service [8] - The company aims to balance regional growth and capitalize on opportunities in both retail and online channels [50] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating macroeconomic headwinds and achieving profitability goals despite challenges [5][10] - The company anticipates continued growth and profitability in 2024, with a focus on improving cash flow efficiency [43][50] - Management highlighted the importance of adapting strategies to changing market conditions and consumer preferences [54][66] Other Important Information - The reacquisition of Lanvin's Japan license is expected to drive further development in that market [12][40] - The introduction of new product lines and marketing strategies is aimed at enhancing brand equity and customer engagement [16][28] Q&A Session Summary Question: Performance year-to-date in 2024 by region - Management noted a general softness in the market in Q1 2024, prompting a shift in strategy to better align with current economic conditions [54][55] Question: Insights on Lanvin Lab and its margin impact - Lanvin Lab is positioned as a cultural brand initiative, providing additional revenue while enhancing brand visibility and engagement [58][60] Question: Drivers behind increased CapEx - CapEx was driven by new store openings and ongoing rationalization efforts, with a target to maintain it at a single-digit percentage of sales for 2024 [61][62] Question: Target for group-wide breakeven on EBITDA margin - The company is now aiming for cash breakeven at a group level by 2025, adjusting for unforeseen macroeconomic challenges [66] Question: Trends in marketing and selling expenses - The company plans to continue investing in brand marketing while rationalizing costs to improve overall profitability [70]

LANVIN GROUP 2023 FULL-YEAR RESULTS April 30, 2024 DISCLAIMER Forward-Looking Statements This presentation ...

Revenue Continues Year-over-Year Growth Trend Revenue of €426 million for FY2023, a 1% increase over FY2022 despite macroeconomic headwinds Continued margin improvement with Group gross profit margin increasing to 59% and both contribution profit(1) and adjusted EBITDA margins steadily improving Resilient performance of the brands through challenging market environment; Lanvin brand showed improving trend in the second half of the year while overall industry faced strong headwinds Steady regional performan ...

NEW YORK, April 22, 2024 /PRNewswire/ -- Lanvin Group (NYSE: LANV, the "Group"), a global luxury fashion group, will release its audited results for the full-year 2023 on Tuesday, April 30, 2024. On the same day, at 8:00 a.m. Eastern Daylight Time (8:00 p.m. China Standard Time), the Group will host a conference call and webcast to discuss the released results and provide an outlook for 2024. Management will refer to a slide presentation during the call, which will be made available on the day of the call. ...