Lanvin Group(LANV) Prnewswire·2025-02-28 12:30Core Insights - Lanvin Group reported preliminary, unaudited revenues of €328 million for the full year 2024, reflecting a 23% decrease year-over-year compared to 2023, indicating a transitional year focused on strategic realignment for sustainable growth [1][5][7] Revenue by Brand - Revenue breakdown by brand shows significant declines: - Lanvin: €82,720 thousand, down 26% - Wolford: €87,642 thousand, down 31% - St. John: €79,269 thousand, down 12% - Sergio Rossi: €41,910 thousand, down 30% - Caruso: €37,107 thousand, down 7% - Total brands revenue decreased by 23% from €427,947 thousand in 2023 to €328,648 thousand in 2024 [2][3][12] Market Performance - The Group faced a softening market in FY2024, with varying brand performance: - St. John and Caruso showed resilience with decreases of 12% and 7% respectively, while Wolford experienced a 31% decline due to logistics disruptions and macroeconomic challenges [3][4] - The EMEA region saw a decline in wholesale purchases, while Japan and North America demonstrated stability amidst these challenges [4][12] 2025 Outlook - For 2025, the Group aims to leverage its unique position in the luxury fashion industry to drive innovation and growth, with a focus on enhancing management capabilities and establishing a second headquarters in Europe [5][6][7] - The appointment of new leadership and a focus on creative renewal are expected to reinvigorate the brand portfolio and improve sales performance [7][5]