Lanvin Group faces double-digit revenue decline in 'transitional year' 2024

The annual results for the Chinese fashion group Lanvin Group Holdings Limited are marked by a "transitional year" in which the company strategically adjusted its creative direction and operations. The owner of the Lanvin fashion house and the Wolford, Sergio Rossi, St. John, and Caruso brands reports a double-digit revenue decline for fiscal year 2024, according to preliminary results released on Friday.