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Highlights
Lanvin Group reported H1 2025 revenue of USD 146 million, down 22% year-on-year, with a gross profit margin of 54%.
Brand performance included Wolford wholesale growth of 14%, stable 69% gross margin at St. John, and a rebound in North American e-commerce for Lanvin.
Strategic priorities for H2 2025 include retail footprint optimization, product assortment elevation, targeted marketing, and strengthening wholesale partnerships.
Lanvin Group (NYSE:LANV), a global luxury fashion company with a portfolio including Lanvin, Wolford, Sergio Rossi, St. John, and Caruso, has announced its unaudited results for the first half of 2025. Despite ongoing pressures across the luxury sector, the Group emphasized cost discipline, operational efficiency, and early signs of recovery in the second quarter as it advances its strategic repositioning.
Financial Performance
For the six months ended June 30, 2025, the Group reported revenue of USD 146 million (€133 million), representing a 22% YoY decline compared to the same period in 2024. The decrease was attributed to softer wholesale activity in Europe, the Middle East and Africa (EMEA), cautious consumer sentiment in Greater China, and broader market challenges.
Gross profit for the period was USD 79 million (€72 million), with a margin of 54%. The performance was supported by disciplined inventory management during the creative transition and ongoing cost efficiencies. Contribution profit remained under pressure, but targeted reductions in overhead and selective marketing investments provided partial mitigation and set the stage for improvement in the second half of the year.
Brand Highlights
Lanvin reported resilient retail performance in EMEA and a rebound in North American e-commerce. Wolford achieved 14% growth in wholesale revenue during the first half, while St. John maintained a gross margin of 69%, underscoring stable profitability. Caruso expanded its wholesale presence, while Wolford celebrated its 75th anniversary with brand initiatives that reinforced its position in the luxury apparel segment.
The Group also highlighted creative leadership transitions, with Peter Copping joining Lanvin as Creative Director and Paul Andrew leading creative direction at Sergio Rossi. These appointments mark a new phase of creative momentum intended to elevate brand positioning and boost product assortments across global markets.
Outlook for 2025
Looking ahead to the second half of 2025, Lanvin Group expects market conditions to remain challenging but remains committed to its cost management strategy and selective investment in brand development. Strategic priorities include optimizing the retail footprint, enhancing operational efficiencies, elevating product assortments, launching targeted marketing campaigns, and reinforcing wholesale partnerships.
The Group anticipates that these initiatives will yield greater benefits in the second half of the year as prior season inventory clearance and efficiency programs take effect.
