Lanvin Group Posts 22% Revenue Decline in First Half as Luxury Demand Softens

Lanvin Group posts 22% revenue decline in first half as luxury demand softens

Lanvin Group, the luxury fashion house that owns Lanvin, Wolford, Sergio Rossi, St John, and Caruso, reported first-half revenue of US $ 155.6 million, down 22% year-on-year, as global luxury demand continued to weaken. The decline was largely driven by softer wholesale performance in EMEA and Greater China, alongside broader market pressures. Despite the slowdown, […] The post Lanvin Group posts 22% revenue decline in first half as luxury deman…

Lanvin Group Reports 22% Revenue Decline Amid Global Luxury Market Softening

read the original version on: www.retailnews.asia The luxury fashion conglomerate, Lanvin Group, which houses brands such as Lanvin, Wolford, Sergio Rossi, St John, and Caruso, has reported a decline in first-half revenue to US$155.6 million. This figure represents a 22% decrease compared to the same period last year due to the softening global luxury demand. Market Pressures and Cost Management The […] The post Lanvin Group Reports 22% Revenue …