Lanvin Group reported a 13% year-over-year decline in first-half 2026 revenue to €101 million, while narrowing its adjusted EBITDA loss to negative €34 million from negative €51 million in the same period last year. The group’s gross margin expanded to 59% from 57.7%, reflecting operational improvements across its portfolio of luxury brands.
The group’s contribution profit improved by €10 million in absolute terms, with the margin narrowing to negative 8.9% from negative 15.6%. Adjusted EBITDA improved by approximately €17 million year-over-year. Lanvin Group operates four brands: Lanvin, Wolford, St. John, and Sergio Rossi.
Lanvin’s revenue fell 17.9% to €22.9 million, though its gross margin rose by nearly 390 basis points to 58.2%. Contribution margin losses halved to €6.2 million. Wholesale revenue increased 16% as the brand shifted toward more selective distribution. Wolford reported a 6% revenue decline to €31 million, with direct-to-consumer sales down 2% but e-commerce up 22%. Wholesale revenue dropped 12%, while gross margin recovered to about 60% from 56%.
St. John’s revenue declined 10.5% in euros to €35.5 million, though e-commerce grew 31% in its reporting currency. Gross margin remained near 70%, while contribution margin improved to 12.3%. Sergio Rossi saw revenue fall 28.6% to €10.9 million, but wholesale revenue excluding third-party production rose 21%. Third-party production revenue fell by €1.9 million.
Lanvin Group closed 23 directly operated stores in the first half, reducing its store count to 151 from 174 at the end of 2025. General and administrative expenses have been cut across all brands since the first half of 2023, with reductions of about 30% at Lanvin, 50% at Wolford, 45% at Sergio Rossi, and 43% at St. John. The group’s share price rose 0.92% to $1.10, roughly 4.7% above its 52-week low and 54.2% below its 52-week high.
