Core Insights - Lanvin Group has appointed Mr. Jiyang Han as Chief Financial Officer (CFO), effective November 1, 2025, to oversee financial affairs including planning, analysis, accounting, and investor relations [1][3] - Mr. Han has nearly two decades of experience in corporate finance and investment banking, previously serving as Co-CIO and Assistant President of Yuyuan and as M&A and Strategy Leader at 3M [1][2] - The appointment reflects Lanvin Group's commitment to strengthening financial discipline and supporting growth ambitions globally [3] Company Overview - Lanvin Group is a leading global luxury fashion group headquartered in Shanghai and Milan, managing brands such as Lanvin, Wolford, and Sergio Rossi [4] - The company aims to expand its global footprint and achieve sustainable growth through strategic investments and operational expertise [4] - Lanvin Group is listed on the New York Stock Exchange under the ticker symbol "LANV" [4]

Financial Data and Key Metrics Changes - In Q3 2025, the company reported revenues of €398 million, representing a 4% organic growth, with a sequential acceleration in the DTC channel, which grew by 9% in the quarter [6][12] - Year-to-date revenues for the first nine months reached €1.3 billion [6] Performance by Business Line - The Zegna brand recorded revenues of €249 million in Q3, reflecting a 6% growth driven by strong DTC performance, particularly in EMEA and the Americas [7] - Tom Brown's revenues were €48 million in Q3, showing slight negative growth but sequential improvement [7] - Tom Ford Fashion reported revenues of €66 million, up 4% organically, supported by the successful reception of the Fall/Winter 2025 collection [7] - The wholesale performance for Zegna was down 3% in Q3 and 11% year-to-date, with expectations of a mid-teens decline by year-end [15] Performance by Geographic Area - EMEA accounted for 36% of total revenue in the first nine months, with a 3% growth in Q3 driven by DTC performance [8] - The Americas, contributing 29% of nine-month revenue, recorded a 13% growth in Q3, with strong DTC performance [9] - Greater China accounted for 23% of total revenues, with a 7% decline in Q3, although showing signs of sequential improvement [10] - The rest of APAC represented 12% of nine-month revenues, with a 3% growth in Q3 [11] Company Strategy and Industry Competition - The company is focused on increasing control over the distribution of iconic products and converting wholesale points of sale into retail concessions [15] - The management emphasized the importance of maintaining a disciplined approach to projects in the pipeline to navigate the current environment [26] Management's Comments on Operating Environment and Future Outlook - Management noted that currency fluctuations continue to present challenges, with an expected impact of 4-5% from organic to reported figures in Q4 [26] - The consumer demand environment remains volatile, particularly in China, but the company anticipates settling into a new normal leading to balanced growth rates in the coming years [26] Other Important Information - The company celebrated the reopening of a fully renovated store in Dubai Mall, which now includes an exclusive private space [25] - A multiyear partnership with Art Basel was signed to celebrate art that resonates with the company's customers [20] Q&A Session Summary Question: Current trading expectations for Q4 and performance in China - Management indicated that current trading trends in Q4 are not substantially different from Q3, with a cautious outlook on consumer traffic in China, particularly for more affordable products [32][34] Question: Consumer environment across regions - The Americas and Europe showed solid growth, while Greater China experienced a mid-single-digit decline, with improvements noted in second-tier cities [49] Question: Wholesale sector trends - The rationalization of the wholesale channel is nearing completion, with expectations of continued selective conversions into next year [51] Question: Performance of Tom Ford - The brand has seen positive reception for its new collections, with plans for further expansion in the U.S. market [56][110] Question: Impact of new collections on performance - The initial "wow" effect from new collections is acknowledged, but the overall performance is attributed to a combination of factors including improved CRM and merchandising strategies [121]

Core Insights - Italian luxury fashion house Giorgio Armani has appointed Giuseppe Marsocci as the new CEO following the death of founder Giorgio Armani in September 2025 [1][2] - Marsocci will lead the company's transition in line with the founder's succession plan, which includes a planned sale of an initial 15% stake within the next 18 months [2] - Silvana Armani, the niece of the founder, has been appointed as vice-president [2] Company Background - Giorgio Armani was established in Milan, Italy, in 1975, with Giorgio Armani serving as both chairman and CEO until his passing [1] - Marsocci has over three decades of experience in the fashion and luxury industries, including 23 years with the Armani Group [2] Leadership Experience - Since joining the company in 2003, Marsocci has held various senior roles, including commercial director of Armani Collezioni and CEO of the group's Swiss operations [3] - He served as CEO of the Giorgio Armani Corporation Americas from 2014 to 2019, spending over ten years in the US [3] - Prior to joining Armani, Marsocci worked at GFT Group, a licensee for several luxury brands [3] Regulatory Issues - In August 2025, the Italian Competition Authority fined Giorgio Armani and its unit GA Operations €3.5 million (approximately $4 million) for deceptive commercial practices related to ethical claims [4]

Luxury fashion giants Gucci, Chloé and Loewe have been hit with EU fines totaling more than €157 million for imposing allegedly illegal price curbs https://t.co/nCK8L1pKsD ...

Core Viewpoint - The fashion industry must undergo a permanent transformation in design, production, communication, and distribution, with a strong emphasis on sustainability and education for future leaders [1][6][19]. Group 1: Commitment to Sustainability - Kering has maintained its commitment to sustainability despite global challenges and the decline of ESG focus in the business landscape [6][7]. - The company has integrated sustainability into its business model for over a decade, viewing it as a foundational ethical principle rather than a burden [4][7]. - Kering's chief sustainability officer emphasized that cutting sustainability projects would be detrimental to business, highlighting the importance of prioritizing efficient practices for both the planet and profitability [11][12]. Group 2: Education and Training - The IFM-Kering Sustainability Chair has trained over 2,000 students from 74 countries in sustainability, with 200 students earning a Kering certificate [19]. - The curriculum includes diverse topics such as regenerative agriculture, biodiversity, and supply chain ethics, with plans to expand into animal welfare [20]. - Education is seen as a catalyst for long-term change, embedding sustainability into learning processes to foster a more conscious future [3][19]. Group 3: Challenges and Innovations - The luxury sector faces significant challenges, including climate-related resource scarcity and the need for innovative solutions to reduce overproduction [10][12]. - Technology is recognized as a tool to aid in predicting production needs, but it cannot solely address the climate impact of the fashion industry [12][13]. - The concept of "extrinsic durability" has been introduced to better measure the emotional value assigned to luxury items, promoting long-term care for products [15][16]. Group 4: Leadership and Industry Standards - Kering's leadership in sustainability is crucial for setting an example for the rest of the industry, especially during tough economic times [13][21]. - The recent appointment of CEO Luca De Meo is expected to enhance Kering's sustainability trajectory, leveraging his experience from the automotive sector [9]. - The company aims to shift the industry's mindset towards a deeper connection with raw materials and ethical sourcing practices [21][22].

Core Insights - Trust has always been a fundamental aspect of the fashion industry, with logos and labels serving as guarantees of authenticity [1] Industry Summary - The fashion industry relies heavily on consumer trust, which is often symbolized by recognizable logos on products [1]

Core Points - Lanvin Group announced the resignation of Mr. David Chan, Executive President and Chief Financial Officer, effective October 27, 2025, to pursue new professional opportunities [1] - Mr. Chan has been a key figure in establishing the Group's strategic and financial foundation since its inception, contributing to its transformation into a global luxury platform [2] - The Chairman of Lanvin Group expressed gratitude for Mr. Chan's leadership and contributions, emphasizing the Group's strong position for future growth and shareholder value [3] - Mr. Chan expressed pride in his role at Lanvin Group and confidence in the company's future, highlighting the importance of its strategic initiatives for sustainable growth [3] - A structured transition plan has been implemented to ensure continuity in finance and operations, with Mr. Chan potentially continuing in an advisory role [3] - Lanvin Group is a leading global luxury fashion group headquartered in Shanghai and Milan, managing several iconic brands and aiming for sustainable growth through strategic investments [4]

MILAN – Aeffe shares plunged 43.34 percent to close at 0.25 euros on the Italian Stock Exchange on Friday. This followed Aeffe’s decision to proceed with filing an application for access to the negotiated settlement of the group business crisis (CNS), along with requesting the appointment of an independent expert and the application of protective measures. More from WWD In a statement issued by Aeffe, the Italian group specified that “the application is filed in the interest and its subsidiary Pollini,” a ...

Core Insights - The best-performing stock over the past year among well-known companies was Tapestry Inc. (TPR), a luxury fashion group, rather than technology or cryptocurrency stocks [2][3] - Tapestry's share price increased by +136.65% in the last 12 months, significantly outperforming Bitcoin (+68.15%), Nvidia (+43.66%), and the S&P 500 (+15.64%) [3] Company Performance - Tapestry Inc. is recognized for its brands including Coach, Kate Spade, and Stuart Weitzman [2] - The company's remarkable stock performance is notable as it operates in the consumer discretionary sector, which is typically viewed as cyclical and vulnerable to economic fluctuations [3]

The end of a duty exemption for small shipments to the US was the last straw for Canadian luxury fashion retailer Ssense, according to a court filing in the company’s bankruptcy-protection case https://t.co/rgyHpRu33C ...