Lanvin Group Holdings Limited reported a preliminary, unaudited full‑year 2025 revenue of €240.5 million, a 17.6% decline from €291.9 million in 2024. The drop reflects a broader softness in the global luxury market and the impact of the group’s ongoing transformation initiatives, which include cost‑cutting, channel realignment, and a shift toward direct‑to‑consumer sales.
Brand‑level results show Lanvin revenue fell 30% to €57.6 million from €82.7 million, Wolford revenue declined 14% to €75.6 million from €87.9 million, St. John revenue slipped 1% to €78.2 million from €79.3 million, and Sergio Rossi revenue fell 30% to €29.5 million from €41.9 million. The figures exclude the recently divested Caruso business, which was sold on February 6 2026.
Segment analysis indicates that EMEA generated €90.5 million, North America €116.0 million, and Greater China €19.5 million. Distribution‑channel data show direct‑to‑consumer and e‑commerce sales totaled €164.0 million, down 18%, while wholesale sales were €66.7 million, down 15%. The decline in direct‑to‑consumer sales is largely attributable to weaker demand in key markets, whereas wholesale contraction reflects the group’s channel realignment strategy.
Gross profit for the full year was 53.7%, a slight compression from the 54.0% margin reported in the first half of 2025. Revenue trends improved sequentially in the second half, with a 3.2% YoY increase in the period, suggesting that the transformation initiatives—particularly the optimization of the retail network and cost‑control measures—are beginning to generate positive momentum.
Management highlighted that the divestment of Caruso allows the group to concentrate on its core luxury brands and to accelerate the transformation program, which is expected to be largely completed in 2026. The company emphasized that the sequential improvement in the second half of the year signals early progress, but the overall decline underscores the need for continued focus on operational efficiency and market‑specific demand management.
The results illustrate the dual impact of macro‑economic headwinds—softening demand in EMEA and Greater China—and strategic tailwinds, including a stabilizing wholesale channel and a gradual shift toward direct‑to‑consumer sales. While the revenue decline signals ongoing pressure on profitability, the modest margin maintenance and sequential improvement provide a foundation for the group’s long‑term recovery strategy.
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