Lanvin group demonstrates strategic resilience in challenging luxury market, lays foundation for future growth

The group reported revenue of €329 million in fy2024, down 23% over fy2023, reflecting a transitional year marked by creative evolution and strategic realignment amid market headwinds gross profit margin remained stable at 56%, supported by disciplined pricing, a higher mix of dtc sales, and improved inventory management operational efficiency improved, with g&a expenses reduced by 15% and working capital turnover showing steady progress strategic store optimization continued, with disciplined new retail openings and underperforming locations consolidation, reinforcing the group's focus on core and high-potential markets sustained performance in japan and north america contrasts with emea and greater china, where proactive adjustments made to address dynamic market shifts 2025 stands as a pivotal milestone, where the group's sharpened leadership and visionary creativity unlock fresh momentum across its portfolio, setting the stage for dynamic renewal and long-term growth new york , april 30, 2025 /prnewswire/ -- lanvin group (nyse: lanv, the "group"), a global luxury fashion group with lanvin, wolford, sergio rossi, st. john and caruso in its portfolio of brands, today announced its results for the full-year 2024.  the group achieved revenue of €329 million, a 23% decrease year-over-year versus 2023; and gross profit of €183 million, representing a relatively stable gross margin of 56%.
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