Financial Performance - Approximately 10.3% of the company's revenues in 2024 are derived from operations in the Greater China region[42] - The company incurred significant losses of €239.8 million, €146.3 million, and €189.3 million for the years ended December 31, 2022, 2023, and 2024, respectively, and anticipates continued losses in the near future[64] - The company anticipates continuing to incur significant losses for the current year and upcoming future years[59] - The company expects to incur negative operating cash flows in the next few years and may need to raise substantial additional funding to support its operations and growth strategies[176] - The company has not made any transfers, dividends, or distributions to shareholders as of the date of the annual report, other than cash dividends of $1.0 million paid to Meritz in 2022 and 2023[55] Capital and Investments - The company made capital injections of EUR50.0 million in 2022, EUR27.0 million in 2023, and EUR40.5 million in 2024 into the Lanvin brand portfolio[54] - The company issued shareholder loans of $25.5 million, $12.5 million, and $3.5 million to St. John in 2022, 2023, and 2024, respectively[54] - The company has made shareholder loans of EUR22.5 million, EUR10.8 million, and EUR29.1 million to Wolford AG in 2022, 2023, and 2024, respectively[54] Market and Competition - The company faces intense competition in the personal luxury goods industry, which may impact customer relationships and sales if consumer preferences are not anticipated[60] - The company faces significant risks from global economic, political, and social conditions, which could adversely affect its business and operations[73] - The ongoing conflict in Ukraine and related sanctions may adversely affect the company's supply chain and customer base, impacting its overall business[170] - Competition from counterfeit products may harm brand reputation and market share, resulting in decreased operational performance[97] Regulatory and Compliance Risks - The company is subject to regulatory developments in China that could materially affect its operations and financial condition[47] - The company may face trading prohibitions under the Holding Foreign Companies Accountable Act if its auditor is unable to be inspected for two consecutive years[56] - Recent PRC regulations require domestic companies seeking to list overseas to fulfill filing procedures with the CSRC, which could impact the company's ability to maintain its listing status[161] - The company is subject to various legal and regulatory risks, including compliance with intellectual property rights and anti-corruption laws, which could affect operations and reputation[138] Operational Challenges - The company is dependent on a limited number of distribution facilities, and operational difficulties at these facilities could materially adversely affect business operations and financial condition[60] - The company operates a limited number of distribution facilities, and any operational difficulties could materially impact business and financial condition[124] - The company is actively seeking new and larger distribution facilities to enhance efficiency and flexibility, but this comes with inherent risks[125] Consumer Behavior and Market Trends - The COVID-19 pandemic has materially impacted the company's operations, including store closures and reduced consumer spending, particularly in the luxury goods sector[74][75] - Consumer behavior has shifted due to job losses and remote working, negatively affecting sales of formalwear and high-heeled shoes[75] - The apparel business is subject to seasonal fluctuations, with higher sales typically in the last quarter of the year due to holiday shopping and Chinese New Year celebrations[126] Brand and Marketing Strategy - Future growth depends on successful execution of strategic initiatives, including brand engagement and digitalization efforts[78][79] - The company aims to expand its market share through optimizing product mixes, enhancing brand identities, and reinforcing global digital strategies[82] - Marketing and advertising initiatives are essential for customer acquisition, but rising costs and competition may hinder profitability[90][93] - The company must adapt to changing consumer preferences and technological advancements to maintain brand relevance and drive sales[80][81] Data Security and Privacy - A data security or privacy breach could damage the company's reputation and relationships with customers, exposing it to litigation risk[60] - The company collects personal data for sales processing and customer registration, exposing it to risks of data loss or unauthorized access[118] - Compliance with evolving data protection laws may incur significant costs and impact the company's reputation if not adhered to[115] Strategic Growth and Acquisitions - Acquisitions are a key growth strategy, but there are risks associated with integration and achieving expected synergies[130] - The company aims to diversify its portfolio through potential future acquisitions, focusing on product offerings, demographics, and distribution channels[238] - The company is committed to developing direct-to-consumer channels, including self-operated retail boutiques and e-commerce, as part of its growth strategy[237] Shareholder and Securities Issues - The trading price of the company's securities has been volatile, which could lead to substantial losses for holders[178] - The company has 31,979,969 Warrants exercisable at an exercise price of $11.50 per share, which could lead to dilution for existing shareholders[182] - If all outstanding Warrants are exercised, the company could receive approximately $367.8 million in proceeds[183] - The company may not pay cash dividends in the foreseeable future, relying on dividends from its subsidiary FFG[212] Internal Control and Reporting - The company has identified material weaknesses in its internal control over financial reporting, which could impair the ability to produce timely and accurate financial statements[219] - The company is classified as an "emerging growth company," allowing it to take advantage of certain exemptions from disclosure requirements, which may affect the attractiveness of its securities to investors[223] - The company is required to file an annual report on Form 20-F within four months of the fiscal year-end and intends to publish half-year results via press releases[200]

Lanvin Group Holdings (LANV) Q4 2024 Earnings Call April 30, 2025 08:00 AM ET Speaker0 After today's presentation, there will be an opportunity to ask questions. Please note this event is being recorded. Now please take a moment to review the disclaimers. During this presentation, the company will be making certain forward looking statements, including, but not limited to, future performance and industry outlook. Forward looking statements are inherently subject to risks, uncertainties and other factors, an ...

Core Viewpoint - Lanvin Group will release its audited results for the full-year 2024 on April 30, 2025, and will host a conference call to discuss the results and provide an outlook for 2025 [1]. Group Overview - Lanvin Group is a leading global luxury fashion group headquartered in Shanghai, managing iconic brands such as Lanvin, Wolford, Sergio Rossi, St. John Knits, and Caruso [4]. - The company aims to expand its global footprint and achieve sustainable growth through strategic investments and operational expertise, focusing on the fastest-growing luxury fashion markets [4]. Conference Call Details - A slide presentation will accompany the conference call, available on the Group's investor relations website [2]. - Participants must pre-register to join the conference call, with registration available up to and after the call starts [3]. - A replay of the conference call will be accessible approximately one hour after the live call until May 7, 2025 [3].

Lanvin Group Holdings (LANV) Q4 2024 Earnings Call February 28, 2025 04:07 PM ET Company Participants David Chan - Executive President & CFOAndy Lew - Executive President and CEO St. John Operator Thank you for joining us and welcome to the Livan Group Fiscal Year twenty twenty four Revenues Results Conference Call. All participants will be in a listen only mode. After today's presentation, there will be an opportunity to ask questions. Please note, this event is being recorded. Now please take a moment to ...

February 2025 Forward-Looking Statements This presentation, including the sections "LANVIN GROUP 2024 PRELIMINARY REVENUES", "2025 GUIDANCE", "BRAND LEVEL RESULTS" and "APPENDIX", contain "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," "predi ...

Core Viewpoint - The luxury fashion industry faced significant challenges in 2024, leading to a notable decline in revenues for Lanvin Group, which reported a 23% decrease compared to the previous year [4][5]. Company Performance - Lanvin Group's preliminary revenue for 2024 was €328 million, reflecting the broader industry trends and macroeconomic headwinds that negatively impacted consumer sentiment, especially in Greater China and the wholesale channel [5]. - The company has initiated proactive measures to consolidate its store network, optimize retail footprint, and enhance operational efficiency to lay the groundwork for a gradual return to growth [5][6]. Future Outlook - Despite the challenges faced in 2024, the company remains optimistic about future prospects and has implemented strategies to reduce back-office expenses and improve working capital management [6].

Core Insights - Lanvin Group reported preliminary, unaudited revenues of €328 million for the full year 2024, reflecting a 23% decrease year-over-year compared to 2023, indicating a transitional year focused on strategic realignment for sustainable growth [1][5][7] Revenue by Brand - Revenue breakdown by brand shows significant declines: - Lanvin: €82,720 thousand, down 26% - Wolford: €87,642 thousand, down 31% - St. John: €79,269 thousand, down 12% - Sergio Rossi: €41,910 thousand, down 30% - Caruso: €37,107 thousand, down 7% - Total brands revenue decreased by 23% from €427,947 thousand in 2023 to €328,648 thousand in 2024 [2][3][12] Market Performance - The Group faced a softening market in FY2024, with varying brand performance: - St. John and Caruso showed resilience with decreases of 12% and 7% respectively, while Wolford experienced a 31% decline due to logistics disruptions and macroeconomic challenges [3][4] - The EMEA region saw a decline in wholesale purchases, while Japan and North America demonstrated stability amidst these challenges [4][12] 2025 Outlook - For 2025, the Group aims to leverage its unique position in the luxury fashion industry to drive innovation and growth, with a focus on enhancing management capabilities and establishing a second headquarters in Europe [5][6][7] - The appointment of new leadership and a focus on creative renewal are expected to reinvigorate the brand portfolio and improve sales performance [7][5]

Core Viewpoint - Lanvin Group is set to release its unaudited revenue results for the full year 2024 on February 28, 2025, and will host a conference call to discuss these results and provide an outlook for 2025 [1]. Group Overview - Lanvin Group is a leading global luxury fashion group headquartered in Shanghai, China, managing iconic brands such as Lanvin, Wolford, Sergio Rossi, St. John Knits, and Caruso [4]. - The company aims to expand its global footprint and achieve sustainable growth through strategic investments and operational expertise, focusing on the fastest-growing luxury fashion markets [4]. Conference Call Details - Registration for the conference call is required, and participants will receive dial-in numbers, a passcode, and a registrant ID upon completion [3]. - The conference call will take place at 8:00 a.m. Eastern Standard Time (9:00 p.m. China Standard Time) [1]. - A replay of the conference call will be available for one week after the live event, and an archived webcast will also be accessible on the investor relations website [3].

Core Insights - Lanvin Group announced key leadership and board changes to strengthen its position in the luxury fashion industry and advance strategic goals [1] - Mr. Andy Lew has been appointed as Executive President, while Mr. Eric Chan transitions to a board director role [2] Leadership Changes - Mr. Andy Lew brings over 35 years of experience in the fashion industry, overseeing operations, strategic implementation, business development, financial management, supply chain, IT, and brand operations [3] - A second headquarters will be established in Europe under Mr. Lew's leadership to support global expansion [3] - Mr. Lew previously held senior positions at Brooks Brothers, Ermenegildo Zegna, and Nordstrom, contributing to business expansion and team leadership [4] Board Expansion - The Board of Directors has expanded from eight to nine members, appointing Mr. Alan Liu to replace Ms. Grace Fang [5] - Mr. Zhen Huang, Chairman of Lanvin Group, expressed confidence in the new leadership and board structure to drive growth and value [6] Company Overview - Lanvin Group is a leading global luxury fashion group headquartered in Shanghai, managing brands like Lanvin, Wolford, Sergio Rossi, St. John Knits, and Caruso [7] - The company aims to expand its global footprint and achieve sustainable growth through strategic investments and operational expertise [7]

Group 1 - Lanvin Group Holdings Limited will hold its annual general meeting (AGM) virtually on December 11, 2024, at 9:00 AM EST, serving as an open forum for shareholders to discuss company affairs with the board and executive management [1] - No proposals will be submitted for shareholder approval at the AGM [1] - Only holders of record of the Company's ordinary shares as of November 22, 2024, are entitled to attend and vote at the AGM [2] Group 2 - The Company has filed its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the SEC, which includes audited financial statements [3] - The Form 20-F is accessible on both the Company's website and the SEC's website [3] Group 3 - Lanvin Group is a leading global luxury fashion group headquartered in Shanghai, managing iconic brands such as Lanvin, Wolford, Sergio Rossi, St. John Knits, and Caruso [4] - The Company aims to expand the global footprint of its portfolio brands and achieve sustainable growth through strategic investment and operational expertise [4] - Lanvin Group is listed on the New York Stock Exchange under the ticker symbol "LANV" [4]