China’s luxury fashion house Lanvin Group has reported a preliminary fiscal 2025 (FY25) revenue of €240.5 million (~$276.58 million), marking a 17.6 per cent year-on-year (YoY) decline, as the global luxury sector faced persistent headwinds and uneven consumer demand. The figures exclude Caruso following its strategic carve-out announced in February 2026, allowing the group to sharpen its focus on core luxury brands.
Despite the overall decline, the group indicated improving momentum in the second half of 2025, with revenue contraction narrowing significantly compared to the first half. This trend reflects early gains from ongoing transformation initiatives, including operational restructuring, cost discipline, and retail network optimisation.
At the brand level, performance remained mixed. Lanvin and Sergio Rossi both recorded sharp declines of 30 per cent, while Wolford fell 14 per cent. St John showed resilience, with revenue slipping just 1 per cent, supported by an 8 per cent increase in North America in local currency terms. Wolford’s performance stabilised during the year, aided by improved supply conditions and stronger traction in e-commerce and wholesale channels. Meanwhile, Lanvin progressed in its creative repositioning under artistic director Peter Copping, Lanvin said in a press release.
Regionally, North America has emerged as the most stable market, with revenue declining a modest 6 per cent to €116 million. In contrast, Europe, Middle East, and Africa (EMEA) revenues fell 21 per cent, while Greater China saw a steep 42 per cent drop, reflecting softer demand and cautious wholesale activity. Other markets declined 26 per cent, underscoring broader global volatility in luxury consumption.
Across channels, direct-to-consumer (DTC) and e-commerce revenues declined 18 per cent to €164 million, while wholesale revenues fell 15 per cent. The Group continued to streamline its retail footprint, including selective store closures and organisational adjustments, as part of its broader efficiency drive.
Leadership changes also supported the transformation, with Marco Pozzo appointed CEO of Wolford, Barbara Werschine as deputy CEO of Lanvin, and Mandy West as CEO of St John. These appointments are aimed at strengthening brand execution and accelerating strategic priorities, added the release.
Looking ahead, Lanvin Group expects to largely complete its transformation programme in 2026. The company plans to deepen its presence in core markets, expand asset-light business models, and pursue strategic partnerships, while continuing creative renewal across its portfolio. These efforts are intended to reinforce long-term growth and improve profitability amid an evolving global luxury landscape.
Fibre2Fashion News Desk (SG)
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