On August 30th, Lanvin Group (Ticker: LANV), a global fashion and luxury conglomerate, released its financial report for the first half of 2023. The group reported a total revenue of €215 million, marking a 6.4% year-on-year growth compared to 2022. The gross profit reached €125 million, with a gross profit margin of 58.5%, a further increase from the 2022 figures of €113 million and 55.9% respectively.
Lanvin Group encompasses several brands, including Lanvin, Wolford, Sergio Rossi, St. John, and Caruso.
Joann Cheng, Chairman and CEO of Lanvin Group, stated, “We continue our tr …
