Lanvin Group reported a 13% year-over-year decline in revenue to €101 million for the first half of 2026, reflecting ongoing restructuring efforts across its portfolio of luxury brands. Despite the top-line contraction, the company highlighted significant margin expansion, with adjusted EBITDA margins rising 10.7 percentage points compared to the same period in 2025.
Operating expenses declined to €107 million from €139 million a year earlier, representing 106% of revenue compared with 120% in H1 2025. General and administrative expenses fell to €38 million from €53 million, while marketing and selling expenses decreased to €68 million from €86 million. The company noted that brand-level G&A reductions since H1 2023 ranged from 30% at Lanvin to 50% at Wolford.
The group’s directly operated store network shrank to 151 locations, down from 174 at the end of 2025, following 24 closures and one new opening during the period. E-commerce revenue across the group grew 5%, with St. John’s online sales surging 31% and Wolford’s rising 22%.
Brand-specific performance showed mixed trends. Lanvin’s revenue declined 17.9% to €22.9 million, though gross margins expanded by 389 basis points to 58.2%. Wolford’s revenue was broadly stable at €31 million, with gross margins recovering to 60%. St. John’s revenue fell 10.5% in euros but grew approximately 5% in U.S. dollars, while gross margins improved to 69.6%. Sergio Rossi’s revenue dropped 28.6% to €10.9 million, though wholesale revenue excluding third-party production rose 21%, though gross margins remained weak at 27.9%.
CFO Ross Lo stated that the transformation was yielding a leaner operating structure, aiming to achieve a reduced cost base without compromising growth capabilities for the brands.
Lanvin Group’s shares traded at $1.10, up 0.92%, with a 52-week range of $1.005 to $2.40.
