Lanvin Shares Recover Nicely From Initial Sell-Off After Caruso Sale

With a new team at the top and a worldwide slowdown in luxury retail, the Fosun-owned company's Sergio Rossi footwear brand may be next to goimage credit: Bamboo WorksKey Takeaways:Lanvin's sale of its Caruso menswear unit will shrink its revenue by more than 10% but should strengthen its gross profit marginThe naming of Han Jiyang as the company's new CFO follows two earlier changes at the top and may signal a larger restructuring for Fosun's struggling luxury fashion unitAfter years of losses, conglomerat ...