Revenue Down 17.6% in 2025
The Lanvin Group
continues to struggle. The year 2025 also ended on a negative note for the company, which is owned by the Chinese conglomerate Fosun International
, as it reported preliminary revenue of 240.4 million euros for the twelve-month period, representing a double-digit decline of 17.6%.
According to the financial statement, this result was impacted by persistent industry challenges and declining consumer demand in certain markets, but it also reflects the transformation initiatives undertaken by the group, including cost-control measures, the optimization of the retail network, and organizational adjustments within its brand portfolio.
Lanvin and Sergio Rossi See Sharp Declines, St. John Holds Steady
In terms of brand performance, Lanvin and Sergio Rossi posted a 30% decline, while Wolford—as anticipated yesterday—saw a 14% drop, falling to 76 million euros. Showing greater resilience, St. John (-1%) was buoyed by the North American market, where it posted 8% growth at constant exchange rates. Also worth noting is the removal from the group’s portfolio of the Italian men’s fashion brand Caruso (whose results are not included in the financial statements), which was recently sold to MondeVitaItaly.
Network Optimization and Geographic Disparities
At the same time, the group is continuing to optimize its retail network by streamlining its least-performing stores and revising its organizational structures. Geographically, North America remains the strongest region with a modest decline of 6%, while performance in the EMEA region (-21%) and, in particular, Greater China (-42%) is suffering from “weaker demand and evolving consumer dynamics.”
In terms of distribution channels, both direct-to-consumer sales and wholesale sales contracted, with declines of 18% and 15%, respectively, reflecting a global environment that remains challenging for the entire sector.
Outlook for 2026 and Management Restructuring
Looking ahead, the group plans to complete most of its transformation initiatives by 2026, with the goal of “building a more agile and efficiency-focused structure capable of supporting sustainable long-term growth.”
In addition, the departure of Siddhartha Shukla, deputy CEO of Lanvin, was announced recently, after four years in that role. Previously, the group had also appointed Marco Pozzo as CEO of Wolford, while Mandy West was named CEO of St. John.