Lanvin Group Holdings Ltd reported a 13% year-over-year decline in total revenue to €101 million for the first half of 2026, while narrowing its adjusted EBITDA loss by €17 million and lifting gross margins to 59%. The group, which operates Lanvin, Wolford, St. John and Sergio Rossi, said the results reflected ongoing operational improvements and cost discipline despite softer top-line trends.
Gross margins expanded across all brands, with Wolford and St. John leading e-commerce growth. Wolford’s revenue fell 6% to €31 million, but direct-to-consumer sales declined only 2% and e-commerce revenue surged 22%. Gross margins recovered to 60%, while brand-level general and administrative expenses fell about 50% since H1 2023. St. John’s revenue declined 10.5% in euros—or roughly 5% in U.S. dollars—to €35.5 million, but e-commerce sales rose 31% and gross margins remained near 70%, while contribution margins improved to 12.3%.
Lanvin’s revenue dropped 17.9% to €22.9 million, yet gross margins expanded by nearly 390 basis points to 58.2% and contribution margin losses narrowed from €12.3 million to €6.2 million. Wholesale revenue increased 16%, and brand-level G&A costs fell about 30% since H1 2023. Sergio Rossi’s revenue fell 28.6% to €10.9 million, but core wholesale revenue rose 21% as the brand phased out third-party production, which reduced revenue by €1.9 million.
The group closed 23 directly operated stores in H1 2026, reducing its retail footprint to 151 stores by the end of June from 174 at year-end 2025. Lanvin Group shares rose 0.92% to $1.10, roughly 4.7% above the 52-week low of $1.005 and about 54.2% below the 52-week high of $2.40.
Chief Financial Officer Ross Lo said the transformation was translating into a leaner operating structure without compromising growth capabilities, emphasizing a more focused retail platform with stronger economics and improved customer experience.
