Lanvin Group Holdings Limited reported full‑year 2025 results that saw revenue fall 18% to €240 million, compared with €291 million in 2024. Adjusted EBITDA slipped to a loss of €90 million, a €5 million worsening from the €85 million loss recorded in 2024. Gross profit declined to €140 million, giving a 58% gross‑margin that is only one percentage point lower than the 59% margin reported the previous year.
Segment‑level data shows that the flagship Lanvin brand posted a 30% revenue decline to €58 million, while Wolford’s revenue fell 14% to €76 million but benefited from a 19% wholesale uptick in the second half. Sergio Rossi also saw a 30% drop to €30 million, whereas St. John’s revenue remained flat at €78 million. The mix of weaker wholesale demand and broader macro‑economic softness across EMEA and Greater China explains the overall revenue contraction.
Despite lower sales volumes, Lanvin’s gross margin held steady at 58%, reflecting pricing power and disciplined inventory management. The company’s cost‑control initiatives have kept margin compression to a minimum, even as the adjusted EBITDA margin widened slightly due to ongoing restructuring costs.
Management highlighted a sequential improvement in the second half, attributing the turnaround to operational adjustments, brand repositioning and retail optimization. Chairman Zhen Huang said, “2025 was a year of disciplined execution and strategic progress. While the macroeconomic environment remained challenging, we continued to advance our transformation initiatives, streamline our operations, and reinforce the long‑term positioning of our brands. 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.”
Lanvin’s strategic transformation focuses on portfolio optimization, a shift to an asset‑light model, and the completion of the Caruso carve‑out. The company is concentrating on its core brands and expects to finish the transformation program in 2026, positioning itself for a more resilient long‑term business model.
While the 2025 results show a clear revenue decline, the company’s improving second‑half performance, stable gross margin and disciplined cost management suggest a potential for recovery. Management’s confidence in the transformation plan indicates that, if the initiatives continue to deliver, Lanvin could return to profitability in the near future.
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