Lanvin Group(LANV) Seeking Alpha·2025-02-28 15:12Core Viewpoint - The luxury fashion industry faced significant challenges in 2024, leading to a notable decline in revenues for Lanvin Group, which reported a 23% decrease compared to the previous year [4][5]. Company Performance - Lanvin Group's preliminary revenue for 2024 was €328 million, reflecting the broader industry trends and macroeconomic headwinds that negatively impacted consumer sentiment, especially in Greater China and the wholesale channel [5]. - The company has initiated proactive measures to consolidate its store network, optimize retail footprint, and enhance operational efficiency to lay the groundwork for a gradual return to growth [5][6]. Future Outlook - Despite the challenges faced in 2024, the company remains optimistic about future prospects and has implemented strategies to reduce back-office expenses and improve working capital management [6].