Operational Efficiency Improvements
General and administrative (G&A) expenses were reduced by 15% year-over-year, demonstrating a streamlined cost structure.
Cash Flow Management
Significant strides in cash management with a 32% improvement in operating cash flow from 2020 to 2024, driven by reduced inventory days and tighter receivable management.
Brand Performance: Caruso and St. John
Caruso's contribution profit increased to €8.8 million in 2024, up from €3.2 million in 2022. St. John's contribution profit grew from a loss in 2020 to €8 million in 2024.
Lanvin Revenue Growth
Lanvin's revenue increased to €82.7 million in 2024, more than doubling from €35 million in 2020.
Creative Leadership Appointments
New creative leadership with the appointment of Peter Copping as Artistic Director of Lanvin and Paul Andrew as Creative Director of Sergio Rossi is expected to drive brand rejuvenation.