Lanvin Group finalized the divestiture of its Italian menswear house Caruso to MondeVita Italy S.r.l., a subsidiary of the AI‑native Mondevo Group, on February 6 2026. The transaction marks the end of Caruso’s 62‑year relationship with Lanvin and the beginning of a new chapter under MondeVita’s luxury platform.
Caruso, founded in 1964, has long been known for its hand‑stitched tailoring and manufacturing expertise. Recent financials show a 7 % decline in revenue to €37 million in 2024, reflecting broader softness in the high‑end menswear market and a shift in consumer preferences toward ready‑to‑wear and digital channels. The sale therefore removes a brand that was underperforming relative to Lanvin Group’s core portfolio.
Lanvin Group’s decision to divest Caruso aligns with its strategy to concentrate resources on its flagship houses—Lanvin, Wolford, Sergio Rossi and St. John. The group has faced revenue contraction in FY 2024 and negative contribution profit in the first half of 2025, prompting a portfolio rationalization aimed at improving profitability and cash flow. By shedding a brand that was not meeting growth targets, Lanvin can reallocate capital to marketing, product development and digital initiatives for its heartland brands.
Mondevo Group, through MondeVita Italy, seeks to build a consolidated luxury ecosystem that leverages AI and data analytics to accelerate brand growth. The acquisition of Caruso adds a proven manufacturing partner and a heritage label that can be repositioned within MondeVita’s portfolio. Mondevo’s AI‑native structure, supported by its merchant‑bank arm ITTIKAR, is expected to provide operational efficiencies and new distribution channels for Caruso’s products.
The transaction value was not disclosed, and no immediate market reaction data or analyst commentary is available. However, the deal signals a strategic shift for both parties: Lanvin Group is tightening its focus on high‑margin, high‑growth brands, while Mondevo is expanding its luxury footprint with a brand that offers manufacturing expertise and heritage appeal. The sale is expected to streamline Lanvin’s balance sheet and provide Caruso with the resources and strategic direction needed to navigate a challenging market.
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