Lanvin releases 2021 financial results

Worldwide
Published:  12 July, 2022
Credit: Lanvin

Global luxury fashion group Lanvin has reported its full 2021 financial results, achieving 52% pro forma global revenue growth.

Lanvin Group includes brands such as Lanvin, Wolford, Sergio Rossi, St. John Knits and Caruso. Revenue for the group hit €339 million in 2021, which Lanvin says was driven by the eponymous brand as well as a strong comeback at Wolford and the successful integration of Sergio Rossi into the portfolio.

Global sales increased by 108% in 2021 to €73 million, with significant improvement in the North America (up 253%) and Greater China (up 134%) markets. Lanvin attributed strong growth to its newly launched leather goods and footwear collections as well as its direct-to-consumer (DTC) channels.

DTC grew by 172% for Lanvin Group over 2020, supported by eight new store openings, significant improvement in sales per square metre performance and 415% year-on-year growth in e-commerce.

Joann Cheng, Chairman and CEO of Lanvin Group, said: “We expect 2022 to be even better. We have significant momentum across all of our brands as we continue to solidify our foundation in Europe and capture the multiple untapped opportunities which exist in the North American and Asian markets.”