China’s Lanvin repositions amid FY24 revenue drop, aims 2025 recovery

Lanvin Group has reported revenue of €329 million (~$351 million) in FY24, down 23 per cent YoY, citing a transitional year of creative and strategic realignment.
Gross profit fell to €183 million, mainly due to Wolford’s increased logistics costs.
Despite challenges in EMEA and Greater China, North America and Japan performed steadily.
DTC sales made up 61 per cent of total revenue.Read More