The improving margin profile and narrowing losses are positive signals, but the continued revenue decline across all brands keeps the turnaround story unproven. Monitor H2 2026 for evidence of top-line stabilization and the impact of new creative leadership at Lanvin and St. John before considering a position.
Price Chart
Executive Summary
Lanvin Group reported H1 2026 revenue of €101 million, down 12.9% YoY, driven by retail footprint optimization and brand transformation. Gross margin improved to 59.0% (up 1.29 pp), and Adjusted EBITDA losses narrowed to -€35 million from -€52 million. Despite improving profitability metrics, the top-line decline and ongoing transformation make this a mixed result for a distressed luxury group trading on the OTC market.
Key Facts
- Group revenue was €101 million in H1 2026, down 12.9% year-over-year.
- Gross profit margin expanded to 59.0%, up 1.29 percentage points from 57.7% in H1 2025.
- Adjusted EBITDA improved to -€35 million from -€52 million in the prior-year period.
- Contribution profit improved to -€9 million from -€19 million in H1 2025.
- Store network reduced to 151 directly operated stores as part of strategic optimization.
- All four brands (Lanvin, Wolford, St. John, Sergio Rossi) reported YoY revenue declines.
- The sale of Caruso was completed on February 6, 2026, and prior periods have been restated for comparability.
Financial Impact
Revenue decline of €15M YoY (12.9%), with Adjusted EBITDA loss reduction of €17M.
Risk Factors
- Continued revenue decline across all four brands indicates ongoing demand weakness.
- Sergio Rossi gross margin collapsed to 27.9% from 40.8%, signaling deep operational issues.
- OTC listing and $137M market cap make the stock highly illiquid and speculative.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001104659-26-101008 |
| Document: 0001104659-26-101008-index-headers.html | 0001104659-26-101008 |
| Document: 0001104659-26-101008-index.html | 0001104659-26-101008 |
| Document: 0001104659-26-101008.txt | 0001104659-26-101008 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 5w ago | 6-K | $1.06 $1.08 | ▲ +1.89% | ▲ +0.75% | $0.8340 (−21.32%) |
Sep 16, 2026 5w ago | 6-K | $1.06 $1.08 | ▲ +1.89% | ▲ +0.75% | $0.8340 (−21.32%) |
Sep 15, 2026 5w ago | 6-K | $1.07 $1.03 | ▲ +3.74% | ▲ +4.06% | $0.8340 (+22.06%) |
Aug 26, 2026 8w ago | 6-K | $1.06 $1.00 | ▼ −5.66% | ▼ −6.32% | $0.8340 (−21.32%) |
Aug 26, 2026 8w ago | 6-K | $1.06 $1.00 | ▲ +5.66% | ▲ +6.32% | $0.8340 (+21.32%) |
Jul 6, 2026 16w ago | 25-NSE | $1.46 $1.36 | ▲ +6.85% | ▲ +6.37% | $0.8340 (+42.88%) |
Jun 25, 2026 17w ago | 6-K | $1.52 $1.51 | ▲ +0.33% | ▲ +1.98% | $0.8340 (+44.95%) |
Apr 13, 2026 28w ago | 3 | — | awaiting T+1 | — | — |
Apr 3, 2026 29w ago | 3 | — | awaiting T+1 | — | — |
US Market Status
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