Lanvin Group revenues decline by 23% to €328 million in FY2024 due to creative and strategic transitions in response to market challenges.
In the fiscal year of 2024, there was a revenue of €328 million, showcasing a 23% decline from the previous fiscal year of 2023. This decrease was a result of a period focused on creative advancement and strategic realignment to adapt to challenging market conditions. While St. John and Caruso remained strong and steady, other brands within the company underwent revitalization efforts to establish a new presence in their respective markets.