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Ms. Joann Cheng, Chairman and CEO of Lanvin Group, said: "Lanvin Group continues to deliver on its strategy, with record first half results and momentum continuing to build across all brands, in all markets and across all sales channels

Lanvin Group Revenue up 73% to €202 Million in First Half of 2022

Lanvin Group (the "Group"), a global luxury fashion group, today announced its financial results for the six-month period ended June 30, 2022. The Group plans to subsequently file an amendment to the registration statement on Form F-4 (the "Registration Statement") of Lanvin Group Holdings Limited, a company affiliated with the Group, reflecting these financial results with the Securities and Exchange Commission ("SEC"), in connection with its previously announced proposed business combination with Primavera Capital Acquisition Corporation (NYSE: PV) ("PCAC"), an affiliate of Primavera Capital Group, a leading global investment firm

By AP News
Published - Oct 20, 2022, 02:18 AM ET
Last Updated - Jun 14, 2024, 01:54 AM EDT
  • 73% YoY revenue growth represents one of the highest growth rates in the global luxury industry; flagship brand Lanvin achieved 117% global sales growth YoY during the period, with wholesale up 260% YoY, underscoring success of an improved product and merchandising strategy, with refreshed brand appeal
  • Existing business on track to achieve positive 2022 results; growth strategy unchanged
  • Further signed and committed equity investments of US$50 million ahead of listing with indications of interest for up to US$110 million additional equity investments, representing total potential new equity of up to US$290 million
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