Lanvin Group shares rise 13.27% intraday after St John Knits appoints Mandy West as CEO to strengthen retail focus.

Lanvin Group surged 13.27% intraday following the announcement that St John Knits, a subsidiary, appointed Mandy West as CEO. West, a former executive at Intermix, Nike, and Tesla, was promoted from chief commercial officer and has overseen key operations including retail and wholesale. The internal promotion signals management's confidence in strengthening retail and commercial strategies, aligning with the stock's sharp intraday rally as investors reacted positively to the leadership change and strategic focus.