Key Takeaways
Lanvin Group (NYSE: LANV) reported full-year revenue of €240 million for 2025, an 18 percent decline from the prior year, as the luxury fashion house pushed forward with a broad strategic transformation amid market headwinds.
"2025 was a year of disciplined execution and strategic progress," Zhen Huang, Chairman of Lanvin Group, said in a statement. "We are encouraged by the improving momentum in the second half and remain confident in the Group's ability to deliver sustainable growth over time."
The revenue decline reflected softer demand in EMEA and Greater China, alongside deliberate actions like store rationalization and brand repositioning. Despite the top-line drop, adjusted EBITDA improved to a loss of €90 million from a €94 million loss in 2024, which the company attributed to cost discipline. Direct-to-consumer sales accounted for 68 percent of total revenue.
The results underscore a pivotal year of restructuring for the group, which includes the Lanvin, Wolford, Sergio Rossi, and St. John brands. Management expects to largely complete its current transformation program in 2026, setting the stage for what it hopes will be a return to sustainable growth.
Performance varied across the group’s portfolio. The flagship Lanvin brand saw revenue fall 30 percent to €58 million as it continued its creative repositioning. Wolford’s revenue declined 14 percent to €76 million, though the company noted a meaningful improvement in the second half as logistics issues from the prior year were resolved.
St. John was a point of relative stability, with revenue declining only one percent to €78 million, supported by continued strength in its North American wholesale and e-commerce channels. Sergio Rossi’s revenue fell 30 percent to €30 million, which the company linked to its ongoing transition to an asset-light model and distribution optimization.
The mixed results highlight the challenges facing multi-brand luxury retailers in a soft global market. The improvement in adjusted EBITDA despite an 18 percent revenue drop suggests the group's cost controls are taking effect. Investors will watch for revenue stabilization in 2026 as the company completes its transformation and new brand leadership executes on their strategies.
This article is for informational purposes only and does not constitute investment advice.
