BRIEF: Prada to acquire Versace for $1.4 billion
Luxury brand owner Prada Group (1913.HK) said on Thursday it will acquire GIVI Holding, owner of the Versace brand, for $1.38 billion in cash. Upon completion of the deal GIVI…
BRIEF: Lanvin revenue falls 23% in ‘transitional’ 2024
Luxury brand owner Lanvin Group (LANV.US) on Friday said its revenue fell 23% in 2024 during “a transitional year marked by creative evolution and strategic realignment amid market headwinds,” and forecast…
Battered Lanvin hopes for better 2025 as executive revolving door keeps turning
China’s answer to global luxury brand operators has named a new top executive, as it struggles with frequent departures and the worst global luxury goods market in 15 years Key…
Lanvin Group lacks shine amid luxury market slump
The Shanghai-based luxury goods company owned by conglomerate Fosun posted just 1% revenue growth last year, with the figure contracting in the second half Key Takeaways: Lanvin Group’s revenue grew…
NEWS WRAP: Lanvin business stagnates in 2023
The unit of Chinese conglomerate Fosun reported its revenue rose just 1% last year as the global luxury goods market stalled By Teri Yu Luxury fashion brand operator Lanvin…
Lanvin inaugural results: Belle of the ball, or luxury runner-up?
The owner of several high-end fashion brands touted record sales and margin improvement for 2022, but revenue fell short of its earlier projection and its net loss widened Key Takeaways:…
ATRenew steps on efficiency pedal in drive to sustainable profits
The recycling specialist reported a second consecutive quarter of profitability on an adjusted basis in the fourth quarter, and could turn profitable on that basis for the full year in…
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