St John news and archive

Lanvin Group faces double-digit revenue decline in 'transitional year' 2024

The annual results for the Chinese fashion group Lanvin Group Holdings Limited are marked by a "transitional year" in which the company strategically adjusted its creative direction and operations. The owner of the Lanvin fashion house and the Wolford, Sergio Rossi, St. John, and Caruso brands reports a double-digit revenue decline for fiscal...

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Global luxury slowdown impacts Lanvin Group's H1 results

Lanvin Group with Lanvin, Wolford, Sergio Rossi, St. John and Caruso in its portfolio of brands, generated revenue of 171 million euros, a 20 percent decrease versus the prior year. The company said that the main drivers of revenue decline were global market softness coupled with a struggling wholesale market. The group expects a challenging...

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Lanvin Group maintains growth momentum in 2023

Lanvin Group full year revenue of 426 million euros, increased 1 percent; and gross profit was 251 million euros, representing a 59 percent gross margin, a 250 bps increase versus 2022. Commenting on the full year trading, Zhen Huang, chairman of Lanvin Group, said: "In reviewing our 2023, I thought back to the resiliency we showed during the...

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Lanvin Group manages to achieve marginal sales growth

Lanvin Group reported revenues of 426 million euros, a 1 percent increase versus 2022. Commenting on the company’s performance, Eric Chan, CEO of Lanvin Group, said: "2023 was a year full of macroeconomic headwinds and global challenges. A softening second half saw the luxury fashion industry in a position it has not been in, in quite some time....

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St. John relaunches with social media-driven strategy and capsule collection

American luxury brand St. John, which was founded in 1962 and has become known for streamlined knitwear has relaunched with a social media-driven state of mind. The company’s full rebranding was led by its newly appointed creative director, Zoe Turner. According to an announcement from the brand, Turner will lead all creative endeavors at the...