Lanvin Group Holdings Limited

Lanvin Group reported first-half 2026 revenue of EUR 101 million, down 13% year over year. Gross margin improved to 59% from 57.7%, contribution profit margin improved from -15.6% to -8.9%, and adjusted EBITDA margin improved from -45% to -34%. In absolute terms, contribution profit improved by approximately EUR 10 million and adjusted EBITDA improved by approximately EUR 17 million. Management did not provide full-year revenue or EPS guidance on the call. For the business mix, directly operated stores fell to 151 at the end of June 2026 from 174 at the end of 2025. Brand details included Lanvin revenue of EUR 22.9 million, down 17.9%; Wolford revenue of EUR 31 million, down 6%; St. John revenue of EUR 35.5 million, down 10.5%; and Sergio Rossi revenue of EUR 10.9 million, down 28.6%.

No CEO spoke on the call; CFO Ross Luo led the presentation. His strategic message was that the group is in the middle of a transformation focused on a leaner operating model, a more focused brand portfolio, and a shift from optimization toward renewed growth. He repeatedly emphasized partnerships, collaborations, and asset-light opportunities as ways to extend brand reach while keeping discipline on costs, working capital, and cash.

Ross Luo highlighted that the company materially improved profitability despite a 13% revenue decline to EUR 101 million. He cited gross margin of 59%, contribution margin of -8.9%, and adjusted EBITDA margin of -34%, with contribution profit up about EUR 10 million and adjusted EBITDA up about EUR 17 million versus the prior period. He also pointed to roughly 30% lower brand-level G&A at Lanvin, 50% at Wolford, 45% at Sergio Rossi, and 43% at St. John since the first half of 2023, and said the store count fell to 151 from 174, reflecting ongoing footprint rationalization and capital discipline.

There were no analyst questions during the call, and the operator closed the session without any Q&A. As a result, there was no management response to external concerns or follow-up topics beyond the prepared remarks. The only explicit forward-looking commentary centered on continuing the transformation, growing through partnerships and collaborations, and maintaining discipline on cost, working capital, and cash flow.