David Chan, executive president and CFO of Lanvin Group, has resigned from his position effective October 27, 2025, to pursue new professional opportunities. The company announced this news on Friday, citing no further details about Chan's departure. His resignation comes as a surprise, but the company will likely appoint a new CFO to oversee its financial operations.
Luxury fashion group Lanvin Group (NYSE:LANV) announced on Friday that Executive President and Chief Financial Officer David Chan will step down from his position effective October 27, 2025, to pursue new professional opportunities. The company, which manages several luxury fashion brands including Lanvin, Wolford, Sergio Rossi, St. John Knits, and Caruso, has faced significant financial challenges in recent times
Lanvin Group CFO David Chan to step down on October 27[1].
Chan, who has been with the company since its inception, played a key role in strengthening the group’s strategic and financial foundation and supporting its transformation following its NYSE listing. Despite maintaining impressive gross profit margins of 53.7%, the company has experienced a revenue decline of 23.9% over the last twelve months. The company has implemented a transition plan to ensure continuity across its finance and operations functions. While Chan will leave his executive role, he may continue to support the company in an advisory capacity
Lanvin Group CFO David Chan to step down on October 27[1].
The resignation of Chan comes as a surprise, but the company will likely appoint a new CFO to oversee its financial operations. The company has not provided further details about Chan's departure or the appointment of a successor. Lanvin Group remains optimistic about its future growth potential, attributing this outlook to new creative leadership and strategic brand enhancements
Lanvin Group CFO David Chan to step down on October 27[1].
The company's second-quarter 2025 earnings report highlighted a period of challenges, with a decline in revenues and a notable drop in the gross profit margin. Despite these setbacks, the company's performance has caught the attention of investors, with the stock showing a modest premarket increase. These developments reflect a cautious yet hopeful sentiment among investors regarding Lanvin Group’s future trajectory
Lanvin Group CFO David Chan to step down on October 27[1].
Reference List:
Lanvin Group CFO David Chan to step down on October 27[1] https://au.investing.com/news/company-news/lanvin-group-cfo-david-chan-to-step-down-on-october-27-93CH-4056590
Comments
No comments yet