#USA #New York #Lanvin Group #Wolford #Sergio Rossi

Lanvin Group's Financial Results for H1 2025

Lanvin Group, which hosts renowned brands like Lanvin, Wolford, Sergio Rossi, St. John, and Caruso, announced its financial results for the first half of 2025 on August 29, 2025. The figures reflect a challenging landscape in the luxury sector, yet beneath the surface, the Group is demonstrating resilience amidst adversity.

Revenue Overview

In the first half of 2025, the Group recorded total revenue of €133 million, marking a 22% decrease compared to €171 million in the same period last year. This decline can be attributed to a general softness in the global luxury market, particularly within the European, Middle Eastern, and African (EMEA) regions, compounded by a cautious consumer sentiment in Greater China. The reduction was also influenced by the Group's strategic repositioning to optimize its product assortment and geographic focus.

Despite the revenue dip, the Group's disciplined cost management strategies helped mitigate losses. The gross profit margin was stable at 54%, demonstrating effective inventory management as prior season stock was cleared out. As operational efficiencies begin to take effect, there are early signs of recovery, especially within specific brands.

Brand Performance Highlights

• - Lanvin: Revenue fell by 42% year-on-year to €27.9 million, predominantly due to preemptive inventory reductions as retailers anticipated the launch of new collections from the recently appointed artistic director, Peter Copping. However, North American e-commerce showed robust recovery following the introduction of the Marketplace model.
• - Wolford: Experienced a revenue decrease of 22.6% to €33 million. Despite the dip, there was positive feedback with a 14% growth in the wholesale segment, fueled by enhanced partnerships. The brand's focus on operational discipline yielded a noteworthy improvement in profit margins during Q2.
• - Sergio Rossi: This brand witnessed a decline of 24.9% in revenue, dropping to €15.3 million. The decrease stemmed from delayed customer response to upcoming product lines while the brand's e-commerce and retail activities slowly showed signs of rebounding.
• - St. John: Among the Group's brands, St. John stood out with its resilient performance. Revenue remained nearly flat year-on-year at €39.7 million, driven by solid demand in North America and strategic wholesale partnerships, achieving a gross margin of 69%.
• - Caruso: Caruso experienced an 11% decline due to a temporary slowdown in its Maisons business, but the core brand maintained growth from ready-to-wear offerings.

Future Outlook and Strategic Initiatives

Chairman Zhen Huang emphasized the Group's commitment to strategic handling of its operations during these uncertain times, projecting optimism for long-term growth. The management's focus is on refining retail strategies, enhancing product assortments, and implementing data-driven marketing campaigns. Additionally, upcoming milestone celebrations, such as Wolford's 75th anniversary, may create further engagement opportunities and strengthen market positioning.

With fresh creative directions, targeted investments, and an agile approach to market dynamics, Lanvin Group is setting up for recovery in the second half of 2025. As highlighted by Executive President Andy Lew, these initiatives aim to build brand momentum and elevate customer engagement, positioning all brands under the Group for enhanced market presence.

As Lanvin Group navigates a transformative phase, stakeholders and consumers alike await the impact of these strategic maneuvers as they anticipate improved performance metrics and brand revitalization in the upcoming months.