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Lanvin Group Continues Strategic Transformation in FY2025 as Momentum Improves in the Second Half

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Lanvin Group reported revenue of €240 million in FY2025, down 18% year-over-year, reflecting continued market headwinds and the impact of transformation and DTC channel optimization initiativesContribution profit(1) and adjusted EBITDA improved year-over-year, despite lower revenue, reflecting early benefits from cost discipline and a more focused operating modelDirect-to-consumer remained the largest channel, accounting for 68% of revenue, with improving trends at Lanvin and Wolford in the second halfStrategic portfolio and retail optimization progressed, including selective store closures and the Caruso carve-out, reinforcing focus on core luxury brandsLeadership strengthened across the portfolio, supporting continued execution and the next phase of brand development

SHANGHAI, April 30, 2026 /PRNewswire/ — Lanvin Group (NYSE: LANV, the “Group”), a global luxury fashion group with Lanvin, Wolford, Sergio Rossi and St. John in its portfolio, today announced its results for the full-year 2025.

In a challenging global luxury market environment, the Group reported revenue of €240 million for FY2025, representing an 18% decrease year-over-year. Performance reflected both continued macroeconomic headwinds and deliberate transformation initiatives undertaken during the year. The Group remained focused on strengthening its core brand portfolio and enhancing operational efficiency. Performance improved sequentially in the second half, with early benefits from operational adjustments, brand repositioning and retail optimization initiatives.

Zhen Huang, Chairman of Lanvin Group, said: “2025 was a year of disciplined execution and strategic progress. While the macroeconomic environment remained challenging, we continued to advance our transformation initiatives, streamline our operations, and reinforce the long-term positioning of our brands. We are encouraged by the improving momentum in the second half and remain confident in the Group’s ability to deliver sustainable growth over time.”

Review of the Full-Year 2025 Results

Lanvin Group Revenue by Segment

(€ in Thousands, unless otherwise noted)

Lanvin Group
by Brand

Revenue

Growth %

2023A*

2024A*

2025A

2024 A v

2025 A v

23-25

FY

FY

FY

2023 A

2024 A

CAGR

Lanvin

111,740

82,720

57,627

-26 %

-30 %

-28 %

Wolford

126,280

87,891

75,586

-30 %

-14 %

-23 %

St. John

90,398

79,267

78,238

-12 %

-1 %

-7 %

Sergio Rossi

59,518

41,910

29,535

-30 %

-30 %

-30 %

Total Brand

387,936

291,788

240,986

-25 %

-17 %

-21 %

Eliminations

-960

76

-488

-108 %

-742 %

-29 %

Total Group

386,976

291,864

240,498

-25 %

-18 %

-21 %

 

* The information for the years ended December 31, 2024 and 2023 have been restated to exclude the Caruso business, to ensure consistency of presentation.

Lanvin Group Key Financials

(€ in Thousands, unless otherwise noted)

Lanvin Group Key Financials

2023A*

2024A*

2025A

FY

%

FY

%

FY

%

Revenue

386,976

100 %

291,864

100 %

240,498

100 %

Gross profit

240,400

62 %

172,496

59 %

139,878

58 %

Contribution profit  (1)

15,550

4 %

-34,446

-12 %

-30,713

-13 %

Adjusted EBITDA

-65,293

-17 %

-93,547

-32 %

-90,114

-37 %

 

Selected Highlights

Improving momentum across regions and channels: North America remained comparatively resilient, supported by St. John, while EMEA and Greater China experienced softer demand. Direct-to-consumer remained the largest channel at 68% of revenue. Trends at Lanvin and Wolford improved in the second half, reflecting early progress from operational and commercial initiatives.

Operational discipline and portfolio optimization: The Group continued to advance its transformation, focusing on efficiency, organizational simplification and resource allocation to core brands. Selective store closures and tighter cost control supported improved adjusted EBITDA, despite lower revenue. The Caruso carve-out further sharpened the Group’s strategic focus.

Progress across the portfolio: St. John remained stable in North America. Wolford showed meaningful improvement in the second half, supported by stronger product availability and wholesale recovery. Lanvin continued its creative repositioning, while Sergio Rossi advanced its restructuring and asset-light transition.

Strengthened leadership: Key appointments across the portfolio, with Barbara Werschine as Deputy CEO of Lanvin, Marco Pozzo as CEO of Wolford, and Mandy West as CEO of St. John, further enhanced execution capabilities and support ongoing brand development.

Discussion of FY2025 Financials

Revenue

The Group generated revenue of €240 million in FY2025, down 18% year-over-year. The decline reflected macroeconomic headwinds, softer demand in EMEA and Greater China, and the impact of strategic actions including store rationalization and brand repositioning. Lanvin and Wolford’s performance improved in the second half, indicating early signs of stabilization.

Gross Profit

Gross profit decreased to €140 million, representing a margin of 58%, compared to €172 million and 59% in FY2024. The decline was primarily driven by lower sales volumes, while margin remained resilient due to disciplined pricing and a healthier inventory mix.

Contribution Profit (1)

Contribution profit, defined internally as gross profit less selling and marketing expenses, amounted to negative €31 million in FY2025, compared to negative €34 million in FY2024. The improvement reflects a leaner retail network and continued cost discipline, offsetting lower revenue.

Adjusted EBITDA

Adjusted EBITDA improved to €-90 million from €-94 million in FY2024, reflecting progress in operational efficiency and cost optimization, despite lower gross profit.

Results by Segment

Lanvin: Revenue declined by 30% to €58 million. The decrease reflects continued brand repositioning and retail network optimization. Gross margin remained resilient at 58%. Contribution loss remained broadly stable, supported by cost discipline. Early signs of improved market reception emerged in the second half under Peter Copping’s creative direction.

Wolford: Revenue declined by 14% to €76 million. Performance in the first half was impacted by prior logistics disruptions, while the second half showed meaningful improvement supported by restored capacity and better product availability. Wholesale grew 19% year-over-year. Gross margin remained stable at 58%, and contribution loss improved, reflecting enhanced efficiency and continued cost discipline. The appointment of Marco Pozzo as CEO further reinforced the brand’s leadership as it moves into its next phase of recovery.

Sergio Rossi: Revenue declined by 30% to €30 million, reflecting continued softness in DTC and wholesale and cautious market sentiment during a period of creative and operational evolution. Gross margin decreased to 32% due to change in channel mix and lower production scale. Contribution loss increased by ~€3 million, partially mitigated by strict cost control. The brand continued its transition toward an asset-light model, focusing on production restructuring, distribution optimization, and enhanced delivery reliability.

St. John: Revenue declined slightly by 1% to €78 million, while growing in reporting currency by 3%. North America remained strong, supported by continued strength in wholesale and e-commerce (+14% and +25% in its reported currency, respectively). Gross margin remained robust at 69%, and contribution profit improved to €10 million, reflecting disciplined execution and continued supply chain efficiencies. The appointment of Mandy West as CEO further strengthens St. John’s leadership as it continues to build on its strong position in North America.

2026 Outlook

The Group expects to continue on the progress made in the second half of 2025, supported by renewed creative momentum, strengthened leadership across the portfolio and a more focused operating model. In 2026, the Group expects to largely complete its current transformation program, marking an important milestone in its strategic evolution. While the market environment remains uncertain, the actions taken over the past year have laid firmer foundations for improved performance and sustainable long-term growth.

———————————-

Note: At the end of 2025, the Group approved the strategic carve-out of Caruso. In accordance with IFRS 5, Caruso is presented as a discontinued operation, with prior periods restated for comparability and its assets and liabilities classified as held for sale at year-end. The sale was completed on February 6, 2026.

Note: All % changes are calculated on an actual currency exchange rate basis.

Note: This communication includes certain non-IFRS financial measures such as contribution profit, contribution margin, adjusted earnings before interest and taxes (“Adjusted EBIT”), and adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”). Please see Non-IFRS Financial Measures and Definition.

(1) Contribution Profit is defined as Gross Profit less Selling and Marketing Expenses

***

Annual Report on Form 20-F

Our annual report on Form 20-F, including the consolidated financial statements for the fiscal year ended December 31, 2025, can be downloaded from the Company’s investor relations website (ir.lanvin-group.com) under the section Financials / SEC Filings, or from the SEC’s website (www.sec.gov).

***

Conference Call

As previously announced, today at 8:00AM EST/8:00PM CST/2:00PM CET, Lanvin Group will host a conference call to discuss its results for the full-year 2025 and provide an outlook for 2026. Management will refer to a slide presentation during the call, which will be made available on the day of the call. To view the presentation, please visit the “Events” tab of the Group’s investor relations website at https://ir.lanvin-group.com.

To participant in the conference call, please register by clicking on the following link: https://dpregister.com/sreg/10208533/103e05480f8

A replay of the conference call will be accessible approximately one hour after the live call until May 04, 2026, by dialing the following numbers:

USA Toll Free/Canada: 1-855-669-9658
International Toll: 1-412-317-0088
Replay Access Code: 5101970

A recorded webcast of the conference call and a slide presentation will also be available on the Group’s investor relations website at https://ir.lanvin-group.com.

***

About Lanvin Group

Lanvin Group is a leading global luxury fashion group headquartered in Shanghai, China and Milan, Italy, managing iconic brands worldwide including Lanvin, Wolford, Sergio Rossi and St. John Knits. Harnessing the power of its unique strategic alliance of industry-leading partners in the luxury fashion sector, Lanvin Group strives to expand the global footprint of its portfolio brands and achieve sustainable growth through strategic investment and extensive operational know-how, combined with an understanding and access to the fastest-growing luxury fashion markets in the world. The shares of Lanvin Group are listed on the New York Stock Exchange under the ticker symbol ‘LANV’. For more information about Lanvin Group, please visit http://www.lanvin-group.com, and to view our investor presentation, please visit www.lanvin-group.com/investor-relation/

***

Forward-Looking Statements

This communication, including the section “2026 Outlook”, contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” “project” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other financial and performance metrics and projections of market opportunity. These statements are based on various assumptions, whether or not identified in this communication, and on the current expectations of the respective management of Lanvin Group and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and must not be relied on by an investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Lanvin Group. Potential risks and uncertainties that could cause the actual results to differ materially from those expressed or implied by forward-looking statements include, but are not limited to, changes adversely affecting the business in which Lanvin Group is engaged; Lanvin Group’s projected financial information, anticipated growth rate, profitability and market opportunity may not be an indication of its actual results or future results; management of growth; the impact of COVID-19 or similar public health crises on Lanvin Group’s business; Lanvin Group’s ability to safeguard the value, recognition and reputation of its brands and to identify and respond to new and changing customer preferences; the ability and desire of consumers to shop; Lanvin Group’s ability to successfully implement its business strategies and plans; Lanvin Group’s ability to effectively manage its advertising and marketing expenses and achieve desired impact; its ability to accurately forecast consumer demand; high levels of competition in the personal luxury products market; disruptions to Lanvin Group’s distribution facilities or its distribution partners; Lanvin Group’s ability to negotiate, maintain or renew its license agreements; Lanvin Group’s ability to protect its intellectual property rights; Lanvin Group’s ability to attract and retain qualified employees and preserve craftmanship skills; Lanvin Group’s ability to develop and maintain effective internal controls; general economic conditions; the result of future financing efforts; and those factors discussed in the reports filed by Lanvin Group from time to time with the SEC. If any of these risks materialize or Lanvin Group’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Lanvin Group presently does not know, or that Lanvin Group currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect Lanvin Group’s expectations, plans, or forecasts of future events and views as of the date of this communication. Lanvin Group anticipates that subsequent events and developments will cause Lanvin Group’s assessments to change. However, while Lanvin Group may elect to update these forward-looking statements at some point in the future, Lanvin Group specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing Lanvin Group’s assessments of any date subsequent to the date of this communication. Accordingly, reliance should not be placed upon the forward-looking statements.

***

Use of Non-IFRS Financial Metrics

This communication includes certain non-IFRS financial measures such as contribution profit, contribution margin, adjusted earnings before interest and taxes (“Adjusted EBIT”), and adjusted earnings before interest, taxes, depreciation and amortization (“Adjusted EBITDA”). These non-IFRS measures are an addition, and not a substitute for or superior to measures of financial performance prepared in accordance with IFRS and should not be considered as an alternative to net income, operating income or any other performance measures derived in accordance with IFRS. Reconciliations of non-IFRS measures to their most directly comparable IFRS counterparts are included in the Appendix to this communication. Lanvin Group believes that these non-IFRS measures of financial results provide useful supplemental information to investors about Lanvin Group. Lanvin Group believes that the use of these non-IFRS financial measures provides an additional tool for investors to use in evaluating projected operating results and trends in and in comparing Lanvin Group’s financial measures with other similar companies, many of which present similar non-IFRS financial measures to investors. However, there are a number of limitations related to the use of these non-IFRS measures and their nearest IFRS equivalents. For example, other companies may calculate non-IFRS measures differently, or may use other measures to calculate their financial performance, and therefore Lanvin Group’s non-IFRS measures may not be directly comparable to similarly titled measures of other companies. Lanvin Group does not consider these non-IFRS measures in isolation or as an alternative to financial measures determined in accordance with IFRS. The principal limitation of these non-IFRS financial measures is that they exclude significant expenses, income and tax liabilities that are required by IFRS to be recorded in Lanvin Group’s financial statements. In addition, they are subject to inherent limitations as they reflect the exercise of judgements by Lanvin Group about which expense and income are excluded or included in determining these non-IFRS financial measures. In order to compensate for these limitations, Lanvin Group presents non-IFRS financial measures in connection with IFRS results.

***

Enquiries:

Media
Lanvin Group
Winni Ren
winni.ren@lanvin-group.com 

Investors
Lanvin Group
Coco Wang
coco.wang@lanvin-group.com 

Appendix

* Prior periods have been restated to reflect Caruso as a discontinued operation.

Lanvin Group Consolidated Income Statement

(€ in Thousands, unless otherwise noted)

Lanvin Group Consolidated P&L

2023A*

2024A*

2025A

FY

%

FY

%

FY

%

Revenue

386,976

100 %

291,864

100 %

240,498

100 %

Cost of sales

-146,576

-38 %

-119,368

-41 %

-100,620

-42 %

Gross profit

240,400

62 %

172,496

59 %

139,878

58 %

Marketing and selling expenses

-224,850

-58 %

-206,942

-71 %

-170,591

-71 %

General and administrative expenses

-129,182

-33 %

-109,007

-37 %

-107,311

-45 %

Impairment of goodwill and brand

0

0 %

-31,208

-11 %

-66,730

-28 %

Other operating income and expenses

-4,549

-1 %

7,896

3 %

-10,631

-4 %

Loss from operations before non-underlying items

-118,181

-31 %

-166,765

-57 %

-215,385

-90 %

Non-underlying items

-3,781

-1 %

10,243

4 %

-16,263

-7 %

Loss from operations

-121,962

-32 %

-156,522

-54 %

-231,648

-96 %

Finance cost – net

-20,014

-5 %

-29,398

-10 %

-35,490

-15 %

Loss before income tax

-141,976

-37 %

-185,920

-64 %

-267,138

-111 %

Income tax expenses

-3,323

-1 %

-3,086

-1 %

15,775

7 %

Loss from continuing operations

-145,299

-38 %

-189,006

-65 %

-251,363

-105 %

Loss from discontinued operations

-954

0 %

-289

0 %

-11,982

-5 %

Loss for the period

-146,253

-38 %

-189,295

-65 %

-263,345

-109 %

Contribution profit (1)

15,550

4 %

-34,446

-12 %

-30,713

-13 %

Adjusted EBIT (1)

-115,432

-30 %

-166,214

-57 %

-215,201

-89 %

Adjusted EBITDA (1)

-65,293

-17 %

-93,547

-32 %

-90,114

-37 %

 

 

Lanvin Group Consolidated Balance Sheet

(€ in Thousands, unless otherwise noted)

Lanvin Group Consolidated Balance Sheet

2024A

2025A

FY

FY

Assets

Non-current assets

Intangible assets

213,501

156,982

Goodwill

38,115

23,392

Property, plant and equipment

39,440

18,430

Right-of-use assets

131,597

95,510

Deferred income tax assets

11,598

7,634

Other non-current assets

14,869

14,967

449,120

316,915

Current assets

Inventories

89,712

57,174

Trade receivables

28,099

15,382

Other current assets

29,112

22,668

Cash and bank balances

18,043

28,283

Assets classified as held for sale

0

29,838

164,966

153,345

Total assets

614,086

470,260

Liabilities

Non-current liabilities

Non-current borrowings

25,222

9,688

Non-current lease liabilities

117,966

93,375

Non-current provisions

3,560

13,071

Employee benefits

17,240

11,642

Deferred income tax liabilities

51,390

34,757

Other non-current liabilities

16,005

30,216

231,383

192,749

Current liabilities

Trade payables

80,424

45,799

Current borrowings

158,540

325,067

Current lease liabilities

36,106

28,798

Current provisions

1,524

2,984

Other current liabilities

139,020

134,017

Liabilities associated with assets held for sale

0

22,517

415,614

559,182

Total liabilities

646,997

751,931

Net assets

-32,911

-281,671

Equity

Equity attributable to owners of the Company

Share capital

*

*

Treasury shares

-46,576

*

Other reserves

779,356

727,547

Accumulated losses

-737,186

-975,680

-4,406

-248,133

Non- controlling interests

-28,505

-33,538

Total deficits

-32,911

-281,671

 

 

Lanvin Group Consolidated Cash Flow

(€ in Thousands, unless otherwise noted)

Lanvin Group Consolidated Cash Flow

2023A

2024A

2025A

FY

FY

FY

Net cash used in operating activities

-57,891

-59,381

-107,308

Net cash flows generated from/(used in) investing activities

-38,615

-125

1,658

Net cash generated from financing activities

34,131

49,066

119,357

Net change in cash and cash equivalents

-62,375

-10,440

13,707

Cash and cash equivalents less bank overdrafts at the beginning of the year

91,749

27,850

18,043

Effect of foreign exchange rate changes

-1,524

633

-1,040

Cash and cash equivalents less bank overdrafts at end of the year

27,850

18,043

30,710

 

 

Lanvin Brand Key Financials (2)

(€ in Thousands, unless otherwise noted)

Lanvin Brand Key Financials

2023A

2024A

2025A

2024 A v

2025 A v

23-25

FY

%

FY

%

FY

%

2023 A

2024 A

CAGR

Key Financials on P&L

Revenues

111,740

100 %

82,720

100 %

57,627

100 %

-26 %

-30 %

-28 %

Gross profit

64,547

58 %

48,440

59 %

33,675

58 %

Selling and distribution expenses

-76,533

-68 %

-72,241

-87 %

-56,818

-99 %

Contribution profit  (1)

-11,986

-11 %

-23,801

-29 %

-23,143

-40 %

Revenues by Geography

EMEA

51,585

46 %

38,859

47 %

27,439

48 %

-25 %

-29 %

-27 %

North America

28,210

25 %

22,843

28 %

18,077

31 %

-19 %

-21 %

-20 %

Greater China

24,649

22 %

14,763

18 %

7,209

13 %

-40 %

-51 %

-46 %

Other

7,296

7 %

6,254

8 %

4,902

9 %

-14 %

-22 %

-18 %

Revenues by Channel

DTC

55,357

50 %

43,569

53 %

32,365

56 %

-21 %

-26 %

-24 %

Wholesale

39,933

36 %

27,113

33 %

14,337

25 %

-32 %

-47 %

-40 %

Other

16,450

15 %

12,038

15 %

10,924

19 %

-27 %

-9 %

-19 %

 

 

Wolford Brand Key Financials (2)

(€ in Thousands, unless otherwise noted)

Wolford Brand Key Financials

2023A

2024A

2025A

2024 A v

2025 A v

23-25

FY

%

FY

%

FY

%

2023 A

2024 A

CAGR

Key Financials on P&L

Revenues

126,280

100 %

87,891

100 %

75,586

100 %

-30 %

-14 %

-23 %

Gross profit

83,339

66 %

50,995

58 %

43,960

58 %

Selling and distribution expenses

-79,060

-63 %

-69,603

-79 %

-57,089

-76 %

Contribution profit  (1)

4,279

3 %

-18,608

-21 %

-13,130

-17 %

Revenues by Geography

EMEA

85,084

67 %

54,934

63 %

48,702

64 %

-35 %

-11 %

-24 %

North America

31,310

25 %

25,930

30 %

21,006

28 %

-17 %

-19 %

-18 %

Greater China

9,176

7 %

6,661

8 %

5,493

7 %

-27 %

-18 %

-23 %

Other

710

1 %

366

0 %

384

1 %

-49 %

5 %

-26 %

Revenues by Channel

DTC

87,352

69 %

67,006

76 %

50,678

67 %

-23 %

-24 %

-24 %

Wholesale

38,071

30 %

20,850

24 %

24,907

33 %

-45 %

19 %

-19 %

Other

857

1 %

35

0 %

0

0 %

-96 %

NM

NM

 

 

Sergio Rossi Brand Key Financials (2)

(€ in Thousands, unless otherwise noted)

Sergio Rossi Brand Key Financials

2023A

2024A

2025A

2024 A v

2025 A v

23-25

FY

%

FY

%

FY

%

2023 A

2024 A

CAGR

Key Financials on P&L

Revenues

59,518

100 %

41,910

100 %

29,535

100 %

-30 %

-30 %

-30 %

Gross profit

30,435

51 %

17,867

43 %

9,479

32 %

Selling and distribution expenses

-23,097

-39 %

-18,923

-45 %

-13,425

-45 %

Contribution profit (1)

7,338

12 %

-1,056

-3 %

-3,946

-13 %

Revenues by Geography

EMEA

31,801

53 %

20,704

49 %

15,188

51 %

-35 %

-27 %

-31 %

North America

2,006

3 %

740

2 %

105

0 %

-63 %

-86 %

-77 %

Greater China

11,872

20 %

7,741

18 %

4,958

17 %

-35 %

-36 %

-35 %

Other

13,838

23 %

12,726

30 %

9,285

31 %

-8 %

-27 %

-18 %

Revenues by Channel

DTC

32,962

55 %

27,944

67 %

20,320

69 %

-15 %

-27 %

-21 %

Wholesale

26,556

45 %

13,966

33 %

9,215

31 %

-47 %

-34 %

-41 %

Other

0

0 %

0

0 %

0

0 %

NM

NM

NM

 

 

St. John Brand Key Financials (2)

(€ in Thousands, unless otherwise noted)

St. John Brand Key Financials

2023A

2024A

2025A

2024 A v

2025 A v

23-25

FY

%

FY

%

FY

%

2023 A

2024 A

CAGR

Key Financials on P&L

Revenues

90,398

100 %

79,267

100 %

78,238

100 %

-12 %

-1 %

-7 %

Gross profit

57,374

63 %

54,451

69 %

53,599

69 %

Selling and distribution expenses

-46,695

-52 %

-46,445

-59 %

-43,738

-56 %

Contribution profit (1)

10,679

12 %

8,006

10 %

9,861

13 %

Revenues by Geography

EMEA

1,541

2 %

651

1 %

178

0 %

-58 %

-73 %

-66 %

North America

81,382

90 %

74,403

94 %

76,860

98 %

-9 %

3 %

-3 %

Greater China

7,161

8 %

4,101

5 %

934

1 %

-43 %

-77 %

-64 %

Other

314

0 %

113

0 %

266

0 %

-64 %

NM

NM

Revenues by Channel

DTC

71,007

79 %

61,612

78 %

59,762

76 %

-13 %

-3 %

-8 %

Wholesale

19,126

21 %

17,547

22 %

18,210

23 %

-8 %

4 %

-2 %

Other

265

0 %

108

0 %

266

0 %

-59 %

NM

NM

 

 

Lanvin Group Brand Footprint

Footprint By Brand

2023

2024

2025

DOS(3)

POS(4)

DOS(3)

POS(4)

DOS(3)

POS(4)

Lanvin

36

319

33

277

20

266

Wolford

150

201

112

163

89

132

St. John

45

107

37

88

35

77

Sergio Rossi

48

289

43

154

30

160

Total

279

916

225

682

174

635

 

 

Non-IFRS Financial Measures Reconciliation

(€ in Thousands, unless otherwise noted)

Reconciliation of Contribution Margin

2023A*

2024A*

2025A

FY

FY

FY

Revenue

386,976

291,864

240,498

Cost of sales

-146,576

-119,368

-100,620

Gross profit

240,400

172,496

139,878

Marketing and selling expenses

-224,850

-206,942

-170,591

Contribution profit (1)

15,550

-34,446

-30,713

 

 

(€ in Thousands, unless otherwise noted)

Reconciliation of Adjusted EBIT and EBITDA

2023A*

2024A*

2025A

FY

FY

FY

Loss for the year

-146,253

-189,295

-263,345

Add / (Deduct) the impact of:

Loss from discontinued operations

954

289

11,982

Income tax (benefits) / expenses

3,323

3,086

-15,775

Finance cost – net

20,014

29,398

35,490

Non-underlying items

3,781

-10,243

16,263

Loss from operating before non-underlying items

-118,181

-166,765

-215,385

Add / (Deduct) the impact of:

Share based compensation

2,749

551

184

Adjusted EBIT (1)

-115,432

-166,214

-215,201

Depreciation / Amortization

45,794

45,349

39,231

Provision and impairment losses

-265

35,027

72,608

Net foreign exchange (gains) / losses

4,610

-7,709

13,248

Adjusted EBITDA (1)

-65,293

-93,547

-90,114

———————————-

Note:

(1) These are Non-IFRS Financial Measures and will be mentioned throughout this communication. Please see Non-IFRS Financial Measures and Definition.
(2) Brand-level results are presented exclusive of eliminations.
(3) DOS refers to Directly Operated Stores which include boutiques, outlets, concession shop-in-shops and pop-up stores.
(4) POS refers to Point of Sales which include DOS and wholesale accounts.

Non-IFRS Financial Measures and Definition

Our management monitors and evaluates operating and financial performance using several non-IFRS financial measures including: contribution profit, contribution margin, Adjusted EBIT and Adjusted EBITDA. Our management believes that these non-IFRS financial measures provide useful and relevant information regarding our performance and improve their ability to assess financial performance and financial position. They also provide comparable measures that facilitate management’s ability to identify operational trends, as well as make decisions regarding future spending, resource allocations and other operational decisions. While similar measures are widely used in the industry in which we operate, the financial measures that we use may not be comparable to other similarly named measures used by other companies nor are they intended to be substitutes for measures of financial performance or financial position as prepared in accordance with IFRS.

Contribution profit is defined as revenue less the cost of sales and selling and marketing expenses. Contribution profit subtracts the main variable expenses of selling and marketing expenses from gross profit, and our management believes this measure is an important indicator of profitability at the marginal level. Below contribution profit, the main expenses are general administrative expenses and other operating expenses (which include foreign exchange gains or losses and impairment losses). As we continue to improve the management of our portfolio brands, we believe we can achieve greater economy of scale across the different brands by maintaining the fixed expenses at a lower level as a proportion of revenue. We therefore use contribution profit margin as a key indicator of profitability at the group level as well as the portfolio brand level.

Contribution margin is defined as contribution profit divided by revenue.

Adjusted EBIT is defined as profit or loss before income taxes, net finance cost, share based compensation, adjusted for income and costs which are significant in nature and that management considers not reflective of underlying operational activities, mainly including net gains on disposal of long-term assets, gain on debt restructuring and government grants.

Adjusted EBITDA is defined as profit or loss before income taxes, net finance cost, exchange gains/(losses), depreciation, amortization, share based compensation and provisions and impairment losses adjusted for income and costs which are significant in nature and that management considers not reflective of underlying operational activities, mainly including net gains on disposal of long-term assets, negative goodwill from acquisition of Sergio Rossi, gain on debt restructuring and government grants.

View original content:https://www.prnewswire.com/apac/news-releases/lanvin-group-continues-strategic-transformation-in-fy2025-as-momentum-improves-in-the-second-half-302757423.html

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SOPHiA GENETICS Announces Closing of $57.5 Million Public Offering of Ordinary Shares With Full Exercise of the Underwriters’ Option to Purchase Additional Shares

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BOSTON and ROLLE, Switzerland, June 19, 2026 /PRNewswire/ — SOPHiA GENETICS (Nasdaq: SOPH), a global leader in Ai-driven precision medicine, announced today the closing of its previously announced underwritten public offering with total gross proceeds of $57.5 million, before deducting the underwriting discounts and commissions and estimated offering expenses payable by the Company. As a result of strong investor demand, the offering was oversubscribed, and the underwriters fully exercised their option to purchase an additional 1,578,900 ordinary shares at the public offering price, less the underwriting discounts and commissions. The Company sold 12,104,900 ordinary shares at a price to the public of $4.75 per share, which included the 1,578,900 ordinary shares issued upon exercise in full by the underwriters of their option to purchase additional shares. All of the ordinary shares were sold by the Company.

TD Cowen acted as the lead book-running manager for the offering. Guggenheim Securities acted as book-running manager, and BTIG and Craig-Hallum acted as lead managers for the offering.

A registration statement on Form F-3 (File No. 333-289266) relating to the ordinary shares and other securities of the Company has been filed with the U.S. Securities and Exchange Commission (the “SEC”) and was declared effective on August 15, 2025. The offering was made only by means of a prospectus supplement and accompanying prospectus. A final prospectus supplement and accompanying prospectus relating to this offering has been filed with the SEC. Electronic copies of the final prospectus supplement and accompanying prospectus are available on the SEC’s website located at www.sec.gov. Copies of the final prospectus supplement and accompanying prospectus relating to this offering, may be obtained for free by contacting TD Securities (USA) LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at TDManualrequest@broadridge.com.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended. There is no intention or permission to publicly offer, solicit, sell or advertise, directly or indirectly, any securities of SOPHiA GENETICS SA, such as the ordinary shares, in or into Switzerland within the meaning of the Swiss Financial Services Act (“FinSA”) and these securities will not be listed or admitted to trading on the SIX Swiss Exchange or on any other regulated trading venue (exchange or multilateral trading facility) in Switzerland. Neither this press release nor any other offering or marketing material relating to these securities, such as the ordinary shares, constitutes or will constitute a prospectus pursuant to the FinSA, and neither this press release nor any other offering or marketing material relating to these securities, such as the ordinary shares, may be publicly distributed or otherwise made publicly available in Switzerland.

About SOPHiA GENETICS

SOPHiA GENETICS (Nasdaq: SOPH) is an Ai-native healthcare technology company on a mission to transform patient care by expanding access to data-driven medicine globally. It is the creator of SOPHiA DDM™, an Ai platform that analyzes complex genomic and multimodal data to generate real-time, real-world insights for a broad global network of hospital, laboratory, and biopharma institutions.

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The New Safe Haven Isn’t Gold, It’s Electricity

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FN Media Group Presents Oilprice.com Market Commentary

NEW YORK, June 19, 2026 /PRNewswire/ — The U.S. dollar is cracking—and the market knows it. After years of monetary excess, swelling deficits, and policy uncertainty, the world’s reserve currency is losing its grip as a store of value. Capital is fleeing paper promises and piling into hard assets at a pace not seen in decades.  Companies mentioned in today’s commentary includes:  Bitzero Holdings Inc.  (NASDAQ: AIBZ) (CSE: AIBZ-U), Advanced Micro Devices, Inc. (NASDAQ: AMD), Palantir Technologies Inc. (NASDAQ: PLTR), Quanta Services, Inc. (NYSE: PWR), SpaceX (NASDAQ: SPCX).

Nowhere is this more visible than in precious metals: Gold has surged to above $4,100 per ounce, silver has ripped past $70, and palladium—once written off—has clawed its way back to $1,350. Add an unstable geopolitical backdrop stretching from war in the Middle East to Venezuela and the ongoing Ukraine War, and it’s no surprise that traditional safe havens are looking increasingly crowded—and increasingly fragile. But here’s the twist: even as precious metals soar, the smartest money in the room is already looking past them.

Gold doesn’t generate cash flow. Silver doesn’t power economies. And when trades get crowded, volatility cuts both ways. The dollar debasement trade and overbought precious metals have pushed some institutional investors into something with steady, growing cash flows: generating power for the Data Centre boom. This is something that Canadian billionaire investor Kevin O’Leary understands like no other.

Finding Hottest Real-Estate in Tech

Securing land and dirt-cheap power contracts is the number one pre-requisite for data centre developers, hyperscalers and crypto miners. In a recent interview, O’Leary highlighted how BitZero (NASDAQ: AIBZ) (CSE: AIBZ-U), a company in which he is a strategic backer, created a unique strategic advantage by being able to lease power for compute business such as data centres or crypto miners.  At a time that Big Tech is scrambling for capacity, the real winners control Gigawatts of power capacity and real estate in strategic locations. Smart money didn’t even need a wake-up call.

“The need for new capacity is very urgent—it needs to be procured now,” says Tania Tsoneva, Head of Infrastructure Research at CBRE Investment Management, one of the world’s largest real-estate investment firms. By partnering with operators that have already locked in land, permits, and power supply, hyperscalers can fast-track new compute deployments, effectively bypassing years of development work and moving straight to installing their hardware.

BitZero succeeded in those two hardest challenges and has secured sites with long-term, low-cost electricity at the outset of the AI-boom. This is exactly what sets BitZero apart from its competitors. Because the company owns its land, power infrastructure, and hardware, its cost base is largely fixed. That structure protects margins and allows expansion without renegotiating leases or power-purchase agreements.

Leveraging True Energy Sovereignty

Founded in 2021, Bitzero has quietly assembled one of the most scalable clean-energy portfolios in the digital infrastructure sector, with more than 1 gigawatt of growth capacity across four strategic sites in Norway, Finland, and North Dakota. Its flagship hydro-powered facility in Namsskogan, Norway, already delivers 40 MW of self-mining capacity at power costs below $0.05 per kWh, among the lowest globally.

According to CEO Mohammed Bakhashwain, each million dollars of capital deployed into Bitzero’s grid and mining equipment generates roughly $700,000 in annual net profit. That efficiency comes from vertical integration: the company owns its high-voltage connections and operates as a licensed grid operator at the 132 kV level, eliminating middle-layer grid fees that most competitors still pay. With expansion capacity exceeding 320 MW in Norway, a one-gigawatt campus in Finland, and up to 300 MW staged in North Dakota, Bitzero has achieved something rare in this market: true energy sovereignty. And it’s this energy sovereignty that institutional investors value so much. We’re living in an age where new generation capacity is bottlenecked and new connections to the grid are almost impossible.

Bitzero’s energy sovereignty gives it a rare two-fold advantage in today’s compute economy: it can either lease scarce, low-cost power directly to hyperscalers and data-center operators, or deploy that same power internally to mine Bitcoin at industry-leading margins and potentially run its own GPU clusters. Bitcoin‘s economics now heavily favor miners who control their energy destiny—at current hash difficulty, every fraction shaved off power costs drops straight to the bottom line. Bitzero’s all-in energy cost of about 4.3 cents per kWh—less than half that of major U.S. peers like Riot Platforms and Marathon Digital—puts its cost per Bitcoin near $50,000 today and below $40,000 once new hardware is fully deployed.

That efficiency, combined with ultra-lean operations where five staff run a 40 MW facility using fully automated monitoring and fault-response systems, creates powerful optionality. When Bitcoin economics are attractive, Bitzero mines; when hyperscalers need capacity fast, it can redirect power to AI-ready data centers. This flexibility is already visible in its purpose-built 200 MW Norwegian site on a former UN airbase, designed exclusively for AI compute and expandable to 500 MW on offshore-wind-backed grid capacity—turning energy control into a switchable revenue engine across both Bitcoin and AI. 

The real inflection point for BitZero (NASDAQ: AIBZ, CSE: AIBZ-U) in 2026 may now be its newly announced 110 MW Norway project, which has the potential to transform the company from a profitable Bitcoin miner into a major AI infrastructure and hyperscaler landlord almost overnight.

Under the binding letter of interest, the site would generate roughly $176 million in annual recurring revenue through long-term contracted compute capacity, with the customer covering energy costs separately and pricing escalating by 3% annually. That structure dramatically improves margin visibility and reduces exposure to power-price volatility, potentially allowing the project to generate well over $135 million in annual net income once operational. Just as importantly, the project highlights why BitZero’s Norwegian assets are so strategically valuable in today’s market: while many competing AI data-center developments face 3–5 year build timelines due to grid bottlenecks and permitting delays, BitZero believes this facility could be delivered as early as Q3 next year thanks to already-secured power access, existing infrastructure, and partnerships with established EPC contractors and cooling-system providers. In a market where hyperscalers are desperately searching for immediately deployable capacity, that speed-to-market advantage could prove enormously valuable.

Skyrocketing valuations in the AI-space

The handful of technology companies that have successfully built a proprietary energy moat similar to BitZero’s now command multi-billion-dollar valuations. Yet despite rising institutional interest in BitZero’s power-first model and asset base, the company remains meaningfully undervalued relative to peers.

Investors in names like TeraWulf (WULF) and BitMine Immersion (BMNR) have seen one-year gains of more than +554% and +269%, respectively. Smart money has learnt that the real advantage in compute and crypto mining is cheap, scalable electricity, and this reality is repeating cycle after cycle. The dynamic in 2026 is no different. 

Other companies to keep an eye on:

Advanced Micro Devices, Inc. (NASDAQ: AMD) reported Q1 2026 data center revenue of $5.8 billion, up 57% year over year — an all-time record — with total Q1 revenue of $10.25 billion, up 38%, beating Wall Street consensus by roughly $350 million. Free cash flow more than tripled to $2.57 billion. CEO Lisa Su called the quarter “a clear inflection in our growth trajectory,” and guided Q2 revenue to $11.2 billion, with server CPU revenue alone expected to grow more than 70% year over year. The stock surged roughly 14% in after-hours trading following the release.

AMD’s data center story runs on two rails that NVIDIA’s does not. First, EPYC server CPUs, which now hold significant market share in hyperscaler deployments across AWS, Google Cloud, and Microsoft Azure, deliver four consecutive quarters of record server CPU revenue. Second, Instinct GPUs are gaining traction as an alternative to NVIDIA in AI training and inference — and the demand signal is large. Meta signed a multi-year agreement to deploy up to 6 GW of AMD Instinct GPUs, with the first 1 GW built around a custom version of the MI450 accelerator and Meta named as a lead customer for AMD’s upcoming sixth-generation EPYC processors.

Palantir Technologies Inc. (NASDAQ: PLTR) sits in a different part of the AI data center stack than most names on this list — it’s the software layer that makes the data inside those data centers actionable for governments and large enterprises. Q1 2026 revenue grew 85% year over year to $1.633 billion, the company’s fastest growth rate since going public in 2020. U.S. revenue grew 104% to $1.28 billion, with U.S. government revenue up 84% to $687 million and U.S. commercial revenue up 133% to $595 million. The company reported a GAAP operating margin of 46%, an adjusted operating margin of 60%, and a Rule of 40 score of 145 — a metric where 40 is considered strong.

The government side of the business is increasingly anchored by AI-enabled defense and intelligence programs. Palantir’s Maven AI system — which analyzes battlefield data and supports targeting and command decisions in real time — is moving closer to becoming a formal U.S. Department of Defense program of record. The Pentagon expanding long-term use of Maven means the revenue base here is contracted and durable, not project-by-project. A $10 billion U.S. Army contract and a $300 million USDA deal in the quarter are concrete data points for what that looks like at scale.

Quanta Services, Inc. (NYSE: PWR) builds and maintains the electrical infrastructure that connects data centers to the grid — transmission lines, substations, high-voltage distribution systems, and the last-mile electrical work that no data center can operate without. It’s not a flashy AI story, but it’s a foundational one: none of the $200 billion Amazon is spending on data centers in 2026 translates into operational compute capacity without the grid connections Quanta builds. CEO Duke Austin has pegged the company’s addressable opportunity at $2.4 trillion through 2030, driven by data center electrification, grid hardening, and renewable interconnection combined.

The constraint driving Quanta’s order book is simple physics: large transformers for high-voltage substation connections have lead times of two years or more, and the skilled labor to install them is in short supply nationally. Quanta has both the relationships with utilities and hyperscalers, and the crew deployment capacity, to capitalize on that constraint. Its backlog has been expanding steadily as hyperscaler capex converts from announced projects into actual construction contracts.

SpaceX (NASDAQ: SPCX) completed the largest IPO in history on June 12, pricing at $135 a share for a $1.77 trillion valuation and topping $2 trillion in market cap on its first trading day. The listing raised roughly $75 billion and made Elon Musk the world’s first trillionaire on paper. But the AI data center story here isn’t really about rockets. It’s about what SpaceX became after merging with xAI in February: a company that now describes itself in its own IPO filing as the operator of “the largest AI training data center clusters on Earth.”

Those clusters are Colossus 1 and Colossus 2, the xAI supercomputers built near Memphis, Tennessee, originally to train Grok. In May, SpaceX struck a deal with Anthropic that hands over essentially the entire Colossus 1 facility — more than 300 megawatts of capacity across roughly 220,000 NVIDIA GPUs, including H100, H200, and GB200 accelerators. Anthropic will pay xAI $1.25 billion a month through May 2029, a contract that could bring in more than $40 billion over its life. It’s a striking arrangement: a direct AI competitor renting out the infrastructure that was supposed to be Grok’s competitive edge, in order to monetize compute Grok wasn’t fully using.

By. Tom Kool

Oilprice Intelligence brings you the inside view on where the next gains will come from, breaking down the market’s biggest growth driver with analysis from veteran oilmen and experts. Click here to get this crucial intel for free

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This press release was distributed on behalf of Bitzero Holdings Inc.

DISCLAIMER:  OilPrice.com is Source of all content listed above.  FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with OilPrice.com or any company mentioned herein.  The commentary, views and opinions expressed in this release by OilPrice.com are solely those of OilPrice.com and are not shared by and do not reflect in any manner the views or opinions of FNM.  FNM is not liable for any investment decisions by its readers or subscribers.  FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM was not compensated by any public company mentioned herein to disseminate this press release but was compensated twenty one hundred dollars by Bitzero Holdings Inc. to distribute this release on behalf of the company.  #tickertagpressreleases #pressrelease #stockalerts

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World’s 1st HIV-to-HIV Lung Transplant Performed at NYU Langone Health

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NEW YORK, June 19, 2026 /PRNewswire/ — The world’s first HIV-positive-to-HIV-positive lung transplant was performed at NYU Langone Health. 

The surgery brings new hope for HIV-positive patients in need of lung transplants, as it opens a pool of potential donors who were previously ineligible.

“This is a watershed moment for the HIV-positive community and represents real progress in creating equity in organ transplantation,” said Sapna Mehta, MD, clinical director of NYU Langone Transplant Institute and co-architect of the research protocol, sanctioned by the U.S. Food and Drug Administration, that enabled the complex procedure. “While these transplants are still only allowable under certain research protocols, this marks an expansion of options for people in need of a lifesaving organ.”

Approximately 1.2 million people in the United States are living with HIV. People with HIV can live long, healthy lives due to advances in antiretroviral therapies, or ART. Most people using ART are unable to transmit the virus and have near-normal life expectancies.

A Breath of Fresh Air

Bertrand Nelson, 56, has had HIV for nearly 26 years. In 2000, he was diagnosed with HIV and sarcoidosis, which can affect the lungs and spread to the liver. The disease had not yet spread from his lungs, and soon after diagnosis his doctors told him it was in remission. 

Then, in 2021, he acquired Legionnaires’ disease and was hospitalized for weeks with severe pneumonia. The disease reactivated his sarcoidosis, which attacked his liver. His condition worsened in 2024—he required an increasing amount of oxygen to breathe—and his doctor referred him to NYU Langone Transplant Institute to be evaluated for both lung and liver transplants. A research protocol for lung transplantation under the 2013 HIV Organ Policy Equity Act, or HOPE Act, had begun, and he was evaluated for HOPE dual-organ transplant in 2025.

“Transplantation of HOPE hearts and abdominal organs has been done before, but this has not been done in lung transplantation. It takes a special kind of patient to be willing to do something that hasn’t been done before,” said Mark A. Sonnick, MD, transplant pulmonologist at NYU Langone Transplant Institute and co-author of the research protocol with Dr. Mehta.

NYU Langone Transplant Institute is one of the only transplant centers in the United States equipped and approved under a research protocol to perform HOPE lung transplants. Nelson received the first in the world on March 21, 2026, by Stephanie H. Chang, MD, surgical director of lung transplantation at NYU Langone. He received a new liver that same day, performed by Karim J. Halazun, MD, surgical director of liver transplantation at NYU Langone. 

Nelson is now off oxygen for the first time in four years and getting back in shape after years of limited mobility. 

He credits his mother, who will be 82 in August, for always supporting him and helping him throughout his journey.

“I want to be well for her,” he said. “I want her to see me thriving.” 

He hopes his story of perseverance might inspire others and help raise awareness of people in the HIV community in need.

“There are so many others who need access to this level of care, and the more organs that become available, the better the odds of finding the right match and living a long life,” he said.

About NYU Langone Health

NYU Langone Health is a fully integrated health system that consistently achieves the best patient outcomes through a rigorous focus on quality that has resulted in some of the lowest mortality rates in the nation. Vizient Inc. has ranked NYU Langone No. 1 out of 118 comprehensive academic medical centers across the nation four years in a row, and U.S. News & World Report recently ranked four of its clinical specialties No. 1 in the nation. NYU Langone offers a comprehensive range of medical services with one high standard of care across seven inpatient locations, its Perlmutter Cancer Center, and more than 330 outpatient locations in the New York area and Florida. The system also includes two tuition-free medical schools, in Manhattan and on Long Island, and a vast research enterprise.

Media Inquiries
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Phone: 212-404-3588
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SOURCE NYU Langone Health

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