Revenue Declines 17.6% to €240.5 Million
Lanvin Group announced on March 17, 2026, that its preliminary full-year 2025 revenue was €240.5 million, a 17.6% decrease from the prior year. The company stated the decline reflects both difficult industry conditions and its own proactive restructuring initiatives. The reported figure notably excludes the Italian menswear brand Caruso, which the group strategically divested on February 6, 2026, as part of its effort to optimize its brand portfolio.
Restructuring Deepens with Asset Sales and Leadership Changes
The revenue slump occurs as the group intensifies its strategic transformation. Beyond the sale of Caruso, the company is experiencing significant leadership changes, with Siddhartha Shukla stepping down as deputy CEO of the flagship Lanvin brand. This follows a period where the Lanvin brand's sales reportedly declined from approximately €120 million in 2023 to around €100 million in 2025. The contraction was attributed to the implosion of the once-strong sneaker business and the closure of a dozen retail stores, mostly in China, signaling a broad operational reset.
Luxury Headwinds Challenge Turnaround Efforts
Lanvin Group's financial performance highlights the severe headwinds buffeting the global luxury sector. The full-year results are consistent with the trend seen earlier in the year, when the group's revenue for the first half of 2025 fell 22% and its EBITDA losses deepened. For investors, the combination of internal restructuring pressures and a weak external market presents a formidable challenge to the company's turnaround strategy and its path back to profitable growth since its NYSE debut in December 2022.
Edgen Stock·Mar 17 2026, 10:21
