Lanvin Group Holdings Limited ( (LANV) ) has released its Q4 earnings. Here is a breakdown of the information Lanvin Group Holdings Limited presented to its investors.
Lanvin Group Holdings Limited is a global luxury fashion group headquartered in Shanghai, China, managing iconic brands such as Lanvin, Wolford, Sergio Rossi, St. John Knits, and Caruso. The company is listed on the New York Stock Exchange under the ticker symbol ‘LANV’.
In its latest earnings report for the fiscal year 2024, Lanvin Group announced a revenue of €329 million, marking a 23% decline from the previous year. Despite the challenging market conditions, the company maintained a stable gross profit margin of 56%, supported by disciplined pricing and improved inventory management.
Key highlights from the report include a reduction in general and administrative expenses by 15%, and a strategic focus on optimizing the retail footprint by consolidating underperforming locations and opening new stores in high-potential markets. The group’s performance varied across regions, with strong results in North America and Japan, while facing challenges in EMEA and Greater China.
Looking ahead, Lanvin Group is poised for a robust recovery in 2025, driven by operational discipline and a surge in creative momentum. Under new leadership, the company plans to enhance management capabilities, streamline operations, and explore new growth opportunities in emerging markets and product categories.