On February 6, global fashion and luxury group Lanvin Group (NYSE: LANV) announced that it has sold Italian high-end menswear manufacturer and brand operator Caruso (full name: Raffaele Caruso S.p.A.) to MondeVita Italy S.r.l., a subsidiary of the Mondevo Group.
Founded in 1964, Caruso is a long-established Italian high-end bespoke menswear manufacturer. Headquartered in Soragna, Parma Province, the company currently employs more than 450 people.
In 2013, Lanvin Group’s predecessor, Fosun Fashion Group, acquired a 35% stake in Caruso. In 2017, it further obtained a controlling stake in Caruso’s holding company, Aplomb Srl.
The company is not only a core manufacturing partner for multiple top-tier global fashion brands, but also develops its own menswear collections under the Caruso brand, which are distributed globally through a curated selection of high-end multi-brand retail channels. Positioned around the concept of “playful elegance”, the Caruso brand blends the rigour of Italian bespoke craftsmanship with a sense of lightness in wear and contemporary Italian style.
Earlier this year, Marco Angeloni, President and CEO of Caruso and a second-generation family successor, stated that while overall market growth is slowing in 2025, Caruso has still achieved single-digit growth.
According to Lanvin Group’s interim financial report for the first half of fiscal year 2025, released in September 2025, Caruso’s revenue declined 11% year-on-year to EUR 19.73 million. For the full year 2024, Caruso recorded revenue of EUR 37 million, down 7% year-on-year; gross profit remained at EUR 11 million, with the gross margin rising from 28% to 29%.
Lanvin Group stated that this transaction reflects the group’s firm strategy to focus on the sustainable development of its core brands. For the Mondevo Group, the acquisition represents an important milestone in the development of its high-end lifestyle business segment, MondeVita, which focuses on integrating and enhancing premium heritage brands across high-end beverages, luxury goods, hospitality and dining, and health and wellness.
Mondevo Group is a diversified holding company headquartered in Abu Dhabi, the capital of the United Arab Emirates. Its business strategy focuses on the intersection of technology, investment, and high-end lifestyle, with operations spanning wealth management, venture capital, high-end lifestyle operations, and foundational technology platform development.
| Source: Official press release
| Image Credit: Brand official website
| Editor: LeZhi
