Lanvin Group FY2025 Revenue Falls 17.6% to €240.5M; St. John Up 8%
Lanvin Group reported preliminary FY2025 revenues of €240.5 million, a 17.6% decline year-over-year excluding Caruso following its February carve-out. Second-half sales momentum narrowed the decline, led by an 8% local-currency gain at St. John and stabilization at Wolford as e-commerce and wholesale improved.
1. Preliminary FY2025 Revenue Performance
Lanvin Group reported preliminary FY2025 revenues at €240.5 million, a 17.6% decrease from €291.9 million in 2024, excluding Caruso after its strategic carve-out. The decline reflects ongoing luxury market headwinds despite a notable sequential improvement in second-half sales trends.
2. Brand and Regional Trends
St. John delivered an 8% local-currency revenue gain in North America while Wolford stabilized through stronger e-commerce and wholesale channels. Lanvin and Sergio Rossi each saw 30% revenue declines as creative repositioning and asset-light restructuring progressed, with EMEA and Greater China under particular pressure.
3. Strategic Initiatives and Leadership Changes
The group continued portfolio optimization with selective store closures, organizational adjustments and the successful carve-out of Caruso. Leadership roles were strengthened with Marco Pozzo appointed Wolford CEO, Barbara Werschine as Lanvin Deputy CEO and Mandy West as St. John CEO.
4. 2026 Outlook
Transformation initiatives are expected to largely complete in 2026, focusing on operational efficiency and profitability gains. The group will deepen core market presence, explore asset-light partnerships and advance creative renewal under its refreshed leadership team.