Latest news with #SergioRossi
Yahoo
30-04-2025
- Business
- Yahoo
Lanvin Group Sales Fall 23% in Transitional Year
Lanvin Group might have drummed up some creative excitement with key hires at Lanvin and Sergio Rossi, but the company's financial results showed the strain of what was described as a 'transitional year.' Revenues fell 23 percent to 329 million euros last year. More from WWD Art Deco Turns 100: How Will You Celebrate? Peter Copping and Tory Burch to Be Honored by SCAD Lanvin Group's Revenues Fall 23% in 'A Transitional Year' And while a mix of pricing discipline, higher direct-to-consumer sales and inventory management helped hold gross profit margins at 56 percent, down only slightly from 59 percent, it wasn't enough to save the bottom line. Losses widened to 189.3 million euros from 146.3 million euros a year earlier. Adjusted losses before interest, taxes, depreciation and amortization widened to $92.3 million from $64.2 million. But some of that represents organizational and operational changes at the company, which also owns Wolford, St. John and Caruso. David Chan, executive president and chief financial officer of Lanvin Group, said on a conference call that those adjusted losses included 14 million euros to 18 million euros to integrate Wolford's logistics as well as 5 million euros to 10 million euros for the company's 'creative transition.' Without those costs, adjusted EBITDA losses were consistent with 2023 results. The company certainly has been busy. Veteran designer Peter Copping became artistic director of the Lanvin brand in September. Paul Andrew was named creative director of Sergio Rossi in July. And St. John Knits' chief executive officer Andy Lew was named executive president of the whole group in January. 'Financially, Lanvin demonstrated remarkable resilience,' said Lew on the call. 'Despite market pressures, we maintained a stable gross profit margin through disciplined cost control and inventory optimization. 'We're building a dynamic leadership team, combining industry veterans and fresh perspectives to foster innovation and rapid decision making,' he said. 'Our new European headquarters based in Milan will enhance regional oversight, streamline operation and traction relationships with key stakeholders.' The company will also continue to optimize its store base and work to reduce working capital. 'As we enter 2025, we do so with optimism,' Lew said. 'Peter Copping's new collection, Wolford's [75th] anniversary and Paul Andrew's vision for Sergio Rossi are just the beginning. With a revitalized team we're poised to turn this pivotal moment into growth.' Lanvin raised more than $150 million in cash going public in a SPAC deal in late 2022. But it has never really found its footing on Wall Street, where the stock fell almost immediately after debuting at $10. On Wednesday, shares of Lanvin were down 2.7 percent to $2 in midday trading, leaving it with a market capitalization of $234.6 million. Best of WWD Harvey Nichols Sees Sales Dip, Losses Widen in Year Marred by Closures Nike Logs $1.3 Billion Profit, But Supply Chain Issues Persist Zegna Shares Start Trading on New York Stock Exchange
Yahoo
10-03-2025
- Entertainment
- Yahoo
Sergio Rossi Collaborates With Rising Stars Duran Lantink, Hodakova on Paris Fashion Week Runway Shoes
A week after Paul Andrew revealed his debut collection for Sergio Rossi in Milan, the Italian label had two big moments on the Paris runway. Sergio Rossi teamed up with two fast-rising brands — Duran Lantink and Hodakova — for a pair of attention-grabbing collaborations. More from Footwear News A Closer Look at the Bizarre Christian Louboutin Shoes at the Matières Fécales Show in Paris Victoria Beckham Struts in Sharp White Pumps in Paris Ahead of Her Fall 2025 Show Lantink had everyone buzzing on Sunday, with a show that took his trademark humor and boundary-breaking ideas to another level. Sergio Rossi's collaboration with the designer fuses the shoe brand's technical prowess and Lantink's disruptive creativity, with an emphasis on made-in-Italy craftsmanship and sustainability. 'I'm grateful for the opportunity to collaborate with Sergio Rossi on custom shoes that fit perfectly with collection,' Lantink said. 'I'm particularly excited about an existing model that we transformed with my snake print.' 'Duran Lantink is shaping a glamorously radical new architecture of ready-to-wear that is also sustainably responsible,' added Andrew. 'So it's very exciting that he has chosen to partner with [us] to develop the footwear that will act as the foundations for his latest designs.' A few days earlier, Sergio Rossi's collaboration with LVMH prize winner Ellen Hodakova Larsson hit the Hodakova runway. The footwear was created using deadstock materials at Sergio Rossi's San Mauro Pascoli factory in Italy. 'Working closely together with Sergio Rossi to create the complete Hodakova look — finally designing our own shoes — has been a delightful process. We feel proud to be carried further by the Italian legacy, who also puts craftsmanship at the center of design,' said the designer, who has become known for reworking existing garments and objects. For his part, Andrew lauded Hodakova's dedication to environmental practices, and said the brand was proud to develop footwear that aligns with her unique vision. Sergio Rossi has a history of teaming up with ready-to-wear designers on collaborations. Through the decades, the designer has partnered with designers such as Gianni Versace, Dolce & Gabbana, and Azzedine Alaïa. . Best of Footwear News Zoe Saldaña's Shoe Style Through the Years [PHOTOS] Mikey Madison's Elegant Red Carpet Shoe Style [PHOTOS] Kamala Harris' Best Footwear Moments Through the Years [PHOTOS]
