Lanvin Group reports reduced losses in first half of 2026 despite revenue decline

Chinese luxury fashion group Lanvin Group has announced its unaudited financial results for the first half of 2026, highlighting a marked improvement in profitability and a substantial reduction in losses despite a challenging market.

Group revenue for the first half of 2026 (H1 2026) reached 101 million euros (117.7 million dollars), representing a 12.9 percent decrease year-over-year (YoY). The decline was primarily driven by the planned optimization of the company retail network and its ongoing strategic brand transformation.

The store network was reduced to 151 directly operated stores as underperforming locations were rationalized. Within direct-to-consumer (D2C), group e-commerce returned to growth, supported by sustained momentum at Austrian brand Wolford and US brand St. John.

Lanvin Group chairman, Zhen Huang, stated that the first half represented an encouraging step forward for the group, adding: “Supported by renewed creative and executive leadership across our houses, we are confident in our ability to progressively unlock the long-term potential of our brands amid market challenges.”

Highlights of Lanvin's H1 results Despite the drop in total sales, gross profit stood at 59 million euros, with gross margin expanding to 59 percent compared to 57.7 percent in H1 2025. The 1.29 percentage points improvement was driven by stronger sell-through, effective product lifecycle management and supply chain efficiencies across French luxury brand Lanvin, Wolford and St. John.

Contribution profit improved by 10 million euros to negative 9 million euros, while adjusted EBITDA losses narrowed significantly to negative 35 million euros from negative 52 million euros in the prior-year period, representing a 17 million euros reduction in losses.

Lanvin Group executive president, Andy Lew, noted that the business has reshaped how it operates to become leaner and more agile. Lew explained: “With that foundation in place, the second half is about further execution: activating our new creative and commercial leadership, sharpening our channel mix, and through its directly owned and licensing businesses, bringing a compelling pipeline of collections to market to reignite brand desirability and consumer engagement.”

For the remainder of the 2026 financial year, the group plans to maintain strict cost discipline while selective investments continue. Wolford will focus on accelerating wholesale and e-commerce growth, Italian footwear brand Sergio Rossi will build on the reception of its spring/summer 2027 (SS27) collection, and St. John will leverage its new creative leadership.