In sharp decline since 2024, the luxury group, owned by China’s Fosun International, is selling the Italian specialist in high-end menswear to MondeVita, the lifestyle and luxury division of the Mondevo holding company.
On a slippery slope, Lanvin is streamlining to regain momentum.
On February 6, the Shanghai-based luxury group announced that it had finalized the sale of its smallest subsidiary, Caruso, an Italian manufacturer and brand of luxury menswear, to MondeVita Italy S.r.l., a subsidiary of the Mondevo group.
Priority to Lanvin, Wolford, Sergio Rossi, and St. John Knits
It explained that this transaction reflected its desire “to focus on the sustainable development of its flagship brands,” namely, in addition to its famous eponymous brand, the Maisons Wolford, Sergio Rossi, and St. John Knits.
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Featured photo: © Caruso Menswear
