<\/p>\n
<\/p>\n
Lanvin Group’s sales rose by 37% to 422 million euros in 2022<\/strong>. Another piece of good news is that the group expects to become profitable in 2024.<\/strong><\/p>\n <\/p>\n Its gross profi<\/strong>t has thus already increased to \u20ac238 million from \u20ac170 million in 2021<\/strong>, a margin of 56%.<\/p>\n <\/p>\n Its adjusted EBITDA<\/strong> remained in deficit last year, with a loss of 72 million euros<\/strong> (compared to nearly 59 million euros in 2021)<\/strong>. But as a percentage of revenues, it has fallen to -17% in 2022<\/strong> (compared to -19% in 2021 and -40% in 2020).<\/p>\n <\/p>\n <\/p>\n Listed on the New York Stock Exchange<\/strong> since last December, Lanvin Group<\/strong> includes the eponymous House<\/strong>, the Italian men’s tailoring brand Caruso and the luxury footwear brand Sergio Rossi<\/strong>, the American luxury knitwear brand St John<\/strong>, and the Austrian brand of tights and bodysuits Wolford.<\/strong><\/p>\n <\/p>\n Sales of the group’s powerhouse, Lanvin<\/strong>, were particularly strong last year, growing 64%<\/strong> year-on-year to 120 million euros.<\/strong> Its acquisition by the group in July 2021 also benefited Sergio Rossi considerably: its sales grew by 116%<\/strong> to 62 million euros. Caruso’s increased by 25%<\/strong> to 31 million euros, St John’s by 17%<\/strong> to 86 million euros and Wolford’s by 15%<\/strong> to 125 million euros.<\/p>\n <\/p>\n The group also explained that it had recorded growth in all channels and in all geographical areas.<\/strong><\/p>\n <\/p>\n The Lanvin<\/strong> brand grew by 39% in EMEA, 36% in North America and 15% in Greater China<\/strong>, despite the impact of the pandemic.<\/p>\n <\/p>\n We are pleased with the progress made in 2022,” said Joann Cheng, CEO of Lanvin Group.<\/strong> Not only did we achieve record revenues, but we also made great progress in improving our cost structure and streamlining our operations. The progress we made in 2022 has laid a solid foundation for 2023, and despite the current macroeconomic conditions, we remain optimistic for the current year, especially with the continued resurgence of Greater China.”<\/p>\n <\/p>\n For its part, the Lancel<\/strong> leather goods brand reported a 14% increase in revenues to 68.3 million euros<\/strong> for the 2022\/23 fiscal year, which ended on March 31.<\/p>\n <\/p>\n Its net income also improved, with a net loss reduced to \u20ac3.2 million<\/strong> (from \u20ac7.9 million in 2021).<\/p>\n <\/p>\n Owned since 2018 by the Bologna-based Italian leather goods group Piquadro<\/strong> (which also owns its own brands, Piquadro and The Bridge), Lancel has 282 employees.<\/p>\n <\/p>\n The House announced in early April that it had chosen the American actress Lili Reinhart as its new muse<\/strong>, the heroine of the series Riverdale. She succeeds B\u00e9atrice Rosen, Isabelle Adjani and Louise Follain.<\/p>\n <\/p>\n Read also > Bruno Sialelli leaves the artistic direction of Lanvin<\/a><\/p>\nListed on the stock exchange<\/h2>\n
<\/h2>\n
Reduced loss at Lancel<\/h2>\n