Lanvin Group Reports 17.6% Revenue Decline in FY 2023
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 17 2026
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Should l Buy LANV?
Source: seekingalpha
- Revenue Overview: Lanvin Group reported FY 2023 revenue of €240.5 million, with continuing operations also totaling €240.5 million after excluding the divested Caruso business, marking a 17.6% year-over-year decline that reflects both increased market volatility and the impact of strategic initiatives.
- Market Volatility Impact: The revenue decline is primarily attributed to ongoing market instability, and despite the company's implementation of various strategic measures aimed at enhancing operational efficiency and long-term brand positioning, these efforts have not yet effectively reversed the downward trend in revenue.
- Strategic Adjustments: Lanvin Group is actively pursuing a series of strategic plans designed to improve operational efficiency and enhance brand image, and while these measures have not significantly improved financial performance in the short term, they lay the groundwork for future growth.
- Future Outlook: The management team has indicated a commitment to closely monitor market dynamics and adjust strategies based on market feedback, aiming to achieve revenue recovery and growth in the future.
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Analyst Views on LANV
About LANV
Lanvin Group Holdings Ltd is a luxury fashion group with five portfolio brands, namely Lanvin, Wolford, Sergio Rossi, St. John and Caruso. The Lanvin offers products ranging from apparel to leather goods, footwear, and accessories. The Wolford offers luxury legwear and bodywear, with a diversification into leisurewear and athleisure. The Sergio Rossi offers luxury shoes. The St. John offers luxury womenswear and the Caruso offers menswear. The Company distributes products worldwide via retail and outlet stores, wholesale customers and e-commerce platforms in multiple countries.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Lanvin Group Reports 17.6% Revenue Decline in FY 2023
- Revenue Overview: Lanvin Group reported FY 2023 revenue of €240.5 million, with continuing operations also totaling €240.5 million after excluding the divested Caruso business, marking a 17.6% year-over-year decline that reflects both increased market volatility and the impact of strategic initiatives.
- Market Volatility Impact: The revenue decline is primarily attributed to ongoing market instability, and despite the company's implementation of various strategic measures aimed at enhancing operational efficiency and long-term brand positioning, these efforts have not yet effectively reversed the downward trend in revenue.
- Strategic Adjustments: Lanvin Group is actively pursuing a series of strategic plans designed to improve operational efficiency and enhance brand image, and while these measures have not significantly improved financial performance in the short term, they lay the groundwork for future growth.
- Future Outlook: The management team has indicated a commitment to closely monitor market dynamics and adjust strategies based on market feedback, aiming to achieve revenue recovery and growth in the future.
See More
Lanvin Group Reports Preliminary 2025 Revenues Amid Market Challenges
- Revenue Decline: Lanvin Group reported preliminary revenues of €240.5 million for 2025, reflecting a 17.6% year-over-year decrease due to ongoing volatility in the global luxury market and the impact of strategic adjustments.
- Brand Performance Variance: Among its brands, Lanvin and Sergio Rossi saw revenues drop by 30%, while Wolford and St. John experienced smaller declines, indicating varying market adaptability across the brand portfolio.
- Regional Market Dynamics: The North American market remained relatively stable with revenues of €116.0 million, down only 6%, whereas Greater China faced a significant 42% revenue drop due to softer consumer demand, highlighting shifts in regional consumer trends.
- Strategic Transformation Progress: Despite challenges, Lanvin Group continued to advance its strategic transformation in 2025, focusing on retail network optimization and organizational adjustments aimed at enhancing operational efficiency and long-term brand positioning.
See More
Lanvin Group Reports 17.6% Revenue Decline for FY2025
- Revenue Performance: Lanvin Group reported preliminary FY2025 revenue of €240.5 million, reflecting a 17.6% year-over-year decline due to industry headwinds and the impact of proactive transformation and restructuring initiatives, although revenue trends improved in H2 2025 with a significant narrowing of the decline.
- Brand Development: St. John's revenue in North America grew by 8%, demonstrating the effectiveness of its strategy focused on the home market, while Wolford's performance stabilized, supported by improved product supply and strong momentum in e-commerce channels.
- Strategic Optimization: The Group continued its strategic portfolio and retail optimization initiatives, including the selective closure of underperforming stores and organizational adjustments at key brands, successfully carving out the Caruso business to concentrate on core luxury brands.
- Leadership Strengthening: Marco Pozzo was appointed CEO of Wolford, Barbara Werschine as Deputy CEO of Lanvin, and Mandy West as CEO of St. John, further enhancing leadership across the portfolio to support future transformation and growth.
See More
Lanvin Group Appoints New CEO for St John Knits
- Executive Appointment: Lanvin Group has appointed Mandy West as CEO of St John Knits, effective March 6, 2026, marking an internal promotion aimed at further developing the company's retail and commercial operations.
- Career Background: Mandy West joined St John Knits in 2019, previously serving as Chief Commercial Officer and Senior VP overseeing retail, wholesale, and buying, showcasing her extensive industry experience and strategic insight.
- Strategic Implications: This appointment reflects Lanvin Group's commitment to nurturing internal talent and signifies the company's determination to expand its presence in the global luxury market, particularly in rapidly growing segments.
- Brand Influence: As a leading global luxury fashion group managing iconic brands like Lanvin, Wolford, and Sergio Rossi, Lanvin Group aims to achieve sustainable growth through strategic investments and operational expertise in the luxury sector.
See More
Lanvin Group Appoints New CEO for St John Knits
- Executive Appointment: Lanvin Group has appointed Mandy West as CEO of St John Knits, effective March 6, 2026, marking an internal promotion aimed at further developing the company's retail and commercial operations.
- Extensive Management Background: Mandy West joined St John Knits in 2019, previously serving as Chief Commercial Officer and Senior VP overseeing retail, wholesale, and buying, showcasing her deep expertise in the luxury sector.
- Strategic Development Focus: This appointment reflects Lanvin Group's commitment to nurturing internal talent and indicates the company's ongoing expansion in the luxury market, emphasizing the importance of retail operations to enhance brand competitiveness.
- Global Luxury Market Presence: Headquartered in Shanghai and Milan, Lanvin Group aims to leverage strategic investments and operational expertise to expand its brands' influence in the global luxury market, driving sustainable growth.
See More
Lanvin Group Appoints New CEO
- Executive Appointment: Lanvin Group announced that Marco Pozzo will become CEO and Chairman of the Management Board of Wolford AG effective March 1, 2026, representing a significant leadership change aimed at enhancing corporate governance and strategic direction.
- Board Member Background: Pozzo has been a board member since July 7, 2025, and previously served as deputy CEO, and his extensive management experience is expected to drive business growth and market expansion for Wolford AG.
- Market Reaction: Following the announcement, Lanvin Group's shares rose by 0.58%, indicating investor confidence in the new CEO and potentially leading to positive market expectations and increased shareholder value.
- Future Outlook: With Pozzo's appointment, Lanvin Group may accelerate its strategic positioning in the fashion industry, particularly in the high-end market, further solidifying its presence in the global luxury goods sector.
See More
Lanvin Group Reports 17.6% Revenue Decline in FY 2023
- Revenue Overview: Lanvin Group reported FY 2023 revenue of €240.5 million, with continuing operations also totaling €240.5 million after excluding the divested Caruso business, marking a 17.6% year-over-year decline that reflects both increased market volatility and the impact of strategic initiatives.
- Market Volatility Impact: The revenue decline is primarily attributed to ongoing market instability, and despite the company's implementation of various strategic measures aimed at enhancing operational efficiency and long-term brand positioning, these efforts have not yet effectively reversed the downward trend in revenue.
- Strategic Adjustments: Lanvin Group is actively pursuing a series of strategic plans designed to improve operational efficiency and enhance brand image, and while these measures have not significantly improved financial performance in the short term, they lay the groundwork for future growth.
- Future Outlook: The management team has indicated a commitment to closely monitor market dynamics and adjust strategies based on market feedback, aiming to achieve revenue recovery and growth in the future.
See More
Lanvin Group Reports Preliminary 2025 Revenues Amid Market Challenges
- Revenue Decline: Lanvin Group reported preliminary revenues of €240.5 million for 2025, reflecting a 17.6% year-over-year decrease due to ongoing volatility in the global luxury market and the impact of strategic adjustments.
- Brand Performance Variance: Among its brands, Lanvin and Sergio Rossi saw revenues drop by 30%, while Wolford and St. John experienced smaller declines, indicating varying market adaptability across the brand portfolio.
- Regional Market Dynamics: The North American market remained relatively stable with revenues of €116.0 million, down only 6%, whereas Greater China faced a significant 42% revenue drop due to softer consumer demand, highlighting shifts in regional consumer trends.
- Strategic Transformation Progress: Despite challenges, Lanvin Group continued to advance its strategic transformation in 2025, focusing on retail network optimization and organizational adjustments aimed at enhancing operational efficiency and long-term brand positioning.
See More
Lanvin Group Reports 17.6% Revenue Decline for FY2025
- Revenue Performance: Lanvin Group reported preliminary FY2025 revenue of €240.5 million, reflecting a 17.6% year-over-year decline due to industry headwinds and the impact of proactive transformation and restructuring initiatives, although revenue trends improved in H2 2025 with a significant narrowing of the decline.
- Brand Development: St. John's revenue in North America grew by 8%, demonstrating the effectiveness of its strategy focused on the home market, while Wolford's performance stabilized, supported by improved product supply and strong momentum in e-commerce channels.
- Strategic Optimization: The Group continued its strategic portfolio and retail optimization initiatives, including the selective closure of underperforming stores and organizational adjustments at key brands, successfully carving out the Caruso business to concentrate on core luxury brands.
- Leadership Strengthening: Marco Pozzo was appointed CEO of Wolford, Barbara Werschine as Deputy CEO of Lanvin, and Mandy West as CEO of St. John, further enhancing leadership across the portfolio to support future transformation and growth.
See More
Lanvin Group Appoints New CEO for St John Knits
- Executive Appointment: Lanvin Group has appointed Mandy West as CEO of St John Knits, effective March 6, 2026, marking an internal promotion aimed at further developing the company's retail and commercial operations.
- Career Background: Mandy West joined St John Knits in 2019, previously serving as Chief Commercial Officer and Senior VP overseeing retail, wholesale, and buying, showcasing her extensive industry experience and strategic insight.
- Strategic Implications: This appointment reflects Lanvin Group's commitment to nurturing internal talent and signifies the company's determination to expand its presence in the global luxury market, particularly in rapidly growing segments.
- Brand Influence: As a leading global luxury fashion group managing iconic brands like Lanvin, Wolford, and Sergio Rossi, Lanvin Group aims to achieve sustainable growth through strategic investments and operational expertise in the luxury sector.
See More
Lanvin Group Appoints New CEO for St John Knits
- Executive Appointment: Lanvin Group has appointed Mandy West as CEO of St John Knits, effective March 6, 2026, marking an internal promotion aimed at further developing the company's retail and commercial operations.
- Extensive Management Background: Mandy West joined St John Knits in 2019, previously serving as Chief Commercial Officer and Senior VP overseeing retail, wholesale, and buying, showcasing her deep expertise in the luxury sector.
- Strategic Development Focus: This appointment reflects Lanvin Group's commitment to nurturing internal talent and indicates the company's ongoing expansion in the luxury market, emphasizing the importance of retail operations to enhance brand competitiveness.
- Global Luxury Market Presence: Headquartered in Shanghai and Milan, Lanvin Group aims to leverage strategic investments and operational expertise to expand its brands' influence in the global luxury market, driving sustainable growth.
See More
Lanvin Group Appoints New CEO
- Executive Appointment: Lanvin Group announced that Marco Pozzo will become CEO and Chairman of the Management Board of Wolford AG effective March 1, 2026, representing a significant leadership change aimed at enhancing corporate governance and strategic direction.
- Board Member Background: Pozzo has been a board member since July 7, 2025, and previously served as deputy CEO, and his extensive management experience is expected to drive business growth and market expansion for Wolford AG.
- Market Reaction: Following the announcement, Lanvin Group's shares rose by 0.58%, indicating investor confidence in the new CEO and potentially leading to positive market expectations and increased shareholder value.
- Future Outlook: With Pozzo's appointment, Lanvin Group may accelerate its strategic positioning in the fashion industry, particularly in the high-end market, further solidifying its presence in the global luxury goods sector.
See More
