Luxury Group Revenue Down 22% YoY to €133mln in H1 2025.

• Group revenue down 22% to €133m in H1 2025 • Gross profit margin at 54% • EMEA retail resilient, North America e-commerce up at Lanvin • Wholesale growth at 14% at Wolford, stable 69% at St. John • Exciting creative momentum ahead with new designers • Priorities: refine retail footprint, drive operational efficiency

Lanvin Group, a global luxury fashion group, announced its unaudited results for the first half of 2025, revealing a 22% year-over-year decline in revenue to €133 million. Despite the challenging luxury market environment, the company demonstrated operational discipline and early signs of recovery, particularly in the second quarter [1].

The Group's gross profit margin stood at 54%, a decrease from 58% in H1 2024, primarily due to the sell-through of prior-season inventory and creative transition. Key brands within the portfolio showed resilience and growth:

- Lanvin: The brand experienced a 42% decline in revenue, driven by cautious industry sentiment and the anticipation of new collections. However, EMEA retail remained resilient, and North America e-commerce rebounded strongly.
- Wolford: Revenue decreased by 23%, but the wholesale channel grew by 14%, highlighting the brand's focus on partnerships.
- St. John: The brand maintained stable performance with a 0.8% increase in revenue, supported by a strong gross margin of 69% and consistent full-price sell-through.

Lanvin Group's priorities for the second half of 2025 include refining the retail footprint, driving operational efficiencies, elevating product assortments, launching targeted marketing campaigns, and strengthening wholesale partnerships. The appointment of new creative leaders, such as Peter Copping at Lanvin and Paul Andrew at Sergio Rossi, is expected to reinvigorate brand momentum and drive growth [1].

References

[1] https://www.morningstar.com/news/pr-newswire/20250829cn61051/lanvin-group-reports-h1-2025-revenue-of-133-million-operational-discipline-and-early-recovery-momentum-set-foundation-for-growth-in-h2