Lanvin Group has reported revenues of 426 million euros for the year 2023, marking a 1 percent increase compared to the previous year. The company's CEO, Eric Chan, acknowledged the challenging macroeconomic environment and global uncertainties that characterized the year. Despite facing headwinds, Lanvin Group managed to sustain its growth throughout the year.
During 2023, the group strategically reduced its store count by 12 locations while maintaining flat direct-to-consumer (DTC) sales growth on a like-for-like basis. Notably, St. John and Sergio Rossi experienced positive store like-for-like growth of 13 percent and 6 percent, respectively.
