Core Insights - Lanvin Group reported preliminary revenues of €426 million for FY2023, marking a 1% increase compared to FY2022 [1][2] - The Group demonstrated resilience amid macroeconomic challenges, particularly in the second half of 2023, with a notable 8% revenue growth in the APAC region [1][6] - Strategic initiatives, including a focus on e-commerce and product launches, contributed to maintaining growth and improving sales trends [1][4] Revenue Overview - Total revenue for Lanvin Group was €426 million, a 1% increase from €422 million in 2022 [1][3] - Revenue by brand showed varied performance: - Lanvin: €111,740 thousand, down 7% - Wolford: €126,905 thousand, up 1% - St. John: €90,394 thousand, up 5% - Sergio Rossi: €59,518 thousand, down 4% - Caruso: €40,011 thousand, up 30% [3][11] Geographic Performance - Revenue by geography indicated: - EMEA: €202,220 thousand, down 2% - North America: €147,484 thousand, up 1% - Greater China: €52,823 thousand, up 8% - Other regions: €23,886 thousand, up 8% [12] Channel Performance - Revenue by channel revealed: - DTC/eCommerce: €246,713 thousand, flat year-on-year - Wholesale: €162,127 thousand, down 1% - Other: €17,573 thousand, up 68% [13] Strategic Initiatives - The Group continued to rationalize its store network, reducing the total number of stores by 12, while maintaining flat DTC sales on a like-for-like basis [4] - E-commerce revenue grew by 3% year-on-year, with St. John achieving 14% growth in this channel [7] Future Outlook - The Group anticipates continued softness in the global market but sees opportunities for growth, particularly in the APAC region [8] - Ongoing initiatives are expected to drive improved margins and sales in 2024, supported by planned marketing efforts and product launches [8]