Lanvin’s parent company, Lanvin Group, saw its stock price drop 8.3% to $1.40 yesterday, marking an 86% decline from its initial listing price of $10 in March 2021. The company’s market value is now only $200 million ($218 million). The group reported a 20% revenue decline to 170 million euros ($185 million) for the first half of the year, with all of its brands experiencing double-digit declines. Lanvin Group was founded by Fosun International in 2017 and owns brands such as Lanvin, Wolford, Sergio Rossi, St John, and Caruso. In June, Lanvin announced Peter Copping, former senior designer at Balenciaga, as its creative director. Analysts believe that in the current challenging luxury goods market, Lanvin Group is facing unprecedented difficulties and is facing the risk of delisting.