Lanvin Group Reports 18% Revenue Drop in FY2025 Amid Strategic Overhaul — Lanvin Group Holdings Limited

Event summary

Lanvin Group reported €240 million in revenue for FY2025, an 18% year-over-year decline due to market headwinds and transformation initiatives.
Contribution profit and adjusted EBITDA improved despite lower revenue, reflecting early benefits from cost discipline and operational adjustments.
Direct-to-consumer channels accounted for 68% of revenue, with improving trends at Lanvin and Wolford in the second half.
The Group completed the strategic carve-out of Caruso, reinforcing focus on core luxury brands.
Key leadership appointments were made across the portfolio to support brand development.

The big picture

Lanvin Group's strategic transformation reflects broader industry challenges in the luxury fashion sector, where brands are grappling with shifting consumer behavior and economic uncertainty. The Group's focus on operational efficiency and brand repositioning aligns with trends toward leaner retail networks and enhanced digital capabilities. With the completion of the Caruso carve-out, Lanvin Group aims to sharpen its strategic focus on core luxury brands amid a competitive market landscape.

What we're watching

Brand Recovery: Whether Lanvin and Wolford can sustain their second-half momentum in FY2026.
Operational Efficiency: The pace at which cost discipline and retail optimization translate into profitability.
Market Conditions: How macroeconomic headwinds in EMEA and Greater China will impact revenue growth.