Lanvin Group, the luxury fashion group, announced revenue of € 215 million for the first half of 2023, a 6.4 per cent uptick on last year, with Lanvin brand sales slashed on the label’s ‘creative transition.’
The Chinese-owned Lanvin Group reported that throughout the six-month period, first-half revenue increased in all markets and across all channels. Greater China saw growth of 13.9 per cent, EMEA saw growth of 5.3 per cent, and North America saw growth of 2.6 per cent. Asia increased by 27.1 per cent outside of Greater China, according to the organisation.
Income from DTC channels climbed by 5.1 per cent, while income from wholesale increased by 2.2 per cent. According to the company, royalties from the repurchase of the Lanvin Japan trademarks and clearance income were the main drivers of other revenue growth.
Sales for the group’s namesake brand Lanvin fell 10.8 per cent to € 57 million, with the company attributing the decrease to its “creative transition as well as comparatively fewer key product and marketing initiatives” in the first half.
In the quarterly update, Lanvin also mentioned that it intends to name a new artistic director who will collaborate with its Lanvin Lab in the upcoming months.
Elsewhere, Wolford revenue grew 8.4 per cent to € 59 million, and Sergio Rossi revenue surged 22.4 per cent to € 33 million. St. John revenue was up 11.3 per cent to € 47 million, while Caruso grew its revenue by 33.6 per cent from € 15 million, to € 20 million in the current first half.
“We continue our track record of global growth while we make progress on our path to profitability,” said Joann Cheng, chairman and CEO of Lanvin Group.
