Lanvin Group reported first-half 2026 revenue of €101 million, down 13% from the same period last year, as restructuring efforts reduced store count and trimmed operating costs. The group’s adjusted EBITDA margin expanded by 10.7 percentage points, while contribution profit margin improved by 7.7 percentage points, reflecting progress in its turnaround plan.
Total operating expenses declined to €107 million from €139 million in H1 2025, with general and administrative costs falling 28% to €38 million and marketing and selling expenses down 20% to €68 million. The group closed 24 stores in the period, bringing its directly operated store count to 151, and opened one new location. E-commerce revenue grew 5% across the group, led by a 31% rise at St. John and a 22% increase at Wolford.
Gross margins improved across most brands. Lanvin’s gross margin expanded by 389 basis points to 58.2% despite a €5 million revenue decline to €22.9 million. Wolford’s gross margin recovered to 60% while revenue remained flat at €31 million. St. John’s gross margin reached 69.6%, up from prior levels, though revenue fell 10.5% to €35.5 million. Sergio Rossi’s gross margin underperformed at 27.9%, with revenue down 28.6% to €10.9 million despite a 21% increase in wholesale revenue.
CFO Ross Lo said the restructuring was yielding a leaner cost base without sacrificing capabilities needed for brand growth. The group also highlighted G&A reductions of 30% at Lanvin, 50% at Wolford, 45% at Sergio Rossi and 43% at St. John since H1 2023. Lanvin shares were up 0.92% at $1.10, near the midpoint of the 52-week range between $1.005 and $2.40.
