Lanvin Group Holdings (LANV) has released an update.
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Lanvin Group Holdings reported a 20% decline in H1 2024 revenues compared to the previous year, with total revenue at €171 million. Despite global luxury market challenges, particularly in EMEA and Greater China, the company maintained a stable gross profit margin of 57.5% through strategic inventory management and cost efficiency initiatives. The firm is focusing on long-term strategies, including new leadership appointments and marketing investments, to navigate current market headwinds and drive future growth.
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