Lanvin Group, which includes brands like Lanvin, Wolford, Sergio Rossi, St John, and Caruso, reported a 20% YoY decline in revenue to 171 million euros ($186 million) for the first half of 2024, driven by global market softness and a struggling wholesale market. The group faced significant challenges across its portfolio, with declines in DTC and wholesale revenues and regional revenue drops, particularly in EMEA and Greater China. Despite these setbacks, the company remains committed to long-term growth and profitability, focusing on cost-reduction and operational efficiency efforts. Individual brands like Lanvin, Wolford, and Sergio Rossi experienced substantial revenue declines, while Caruso’s revenue remained relatively stable.