Issey Miyake

Lanvin Group Posts 6.4% Y-o-Y Revenue Growth In H1 2023

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水曜日, 8月 30, 2023
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NEW YORK, Aug. 30, 2023 /PRNewswire/ -- Lanvin Group (NYSE: LANV, the "Group"), a global luxury fashion group with Lanvin, Wolford, Sergio Rossi, St. John and Caruso in its portfolio of brands, today announced its results for the first half of 2023.  The Group achieved revenue of €215 million, a 6.4% increase period-over-period versus 2022; and gross profit of €125 million, representing a 58.5% gross profit margin, up from €113 million, and 55.9% gross profit margin in the first half of 2022.

Key Points: 
  • Lanvin: Revenue decreased from €64 million in H1 2022 to €57 million in H1 2023, mainly due to its focus on a creative transition as well as comparatively fewer key product and marketing initiatives in H1 2023 versus H1 2022.
  • Wolford: Revenue grew at 8.4% increasing from €54 million in H1 2022 to €59 million in H1 2023.
  • Sergio Rossi: Sergio Rossi revenue increased from €27 million in H1 2022 to €33 million in H1 2023, a growth of 22.4%.
  • St. John: Revenue grew from €42 million in H1 2022 to €47 million in H1 2023, a growth of 11.3%.

Advent International to Acquire bareMinerals, BUXOM, and Laura Mercier from Shiseido Americas

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木曜日, 8月 26, 2021
Fashion, Professional Services, Cosmetics, Retail, Other Retail, Finance, Founder, Digital, Sleep, Skin care, Nikon, Financial Oversight and Management Board for Puerto Rico v. Aurelius Investment, LLC, Color, NARS, Procter & Gamble, Aimbridge Hospitality, Henkel, Issey Miyake, International, Shiseido, Jefferies Group, Time, Investment, New business development, CEO, Technology, Procter, Morgan, Lewis & Bockius, Perella Weinberg Partners, African-American hair, Lip, Hypergymnasia, Weil, Gotshal & Manges, LLC, Growth, Home care in the United States, Acquisition, Bioderma, Advent International, Multimedia, First Watch, Beauty, Financial services, Cosmetics, Retail, Advent International, Shiseido Americas Corporation, ADVENT INTERNATIONAL, SHISEIDO AMERICAS CORPORATION

Advent International (Advent), one of the largest and most experienced global private equity investors, today announced the signing of a definitive agreement with Shiseido Americas Corporation (Shiseido Americas), a subsidiary of Shiseido Company, Limited (Shiseido), under which a newly formed affiliate of Advent, AI Beauty Holdings Ltd., will acquire three of Shiseido Americas iconic cosmetics brands, bareMinerals, BUXOM, and Laura Mercier.

Key Points: 
  • Advent International (Advent), one of the largest and most experienced global private equity investors, today announced the signing of a definitive agreement with Shiseido Americas Corporation (Shiseido Americas), a subsidiary of Shiseido Company, Limited (Shiseido), under which a newly formed affiliate of Advent, AI Beauty Holdings Ltd., will acquire three of Shiseido Americas iconic cosmetics brands, bareMinerals, BUXOM, and Laura Mercier.
  • Prestige makeup brand Laura Mercier was founded in 1996 and pioneered the natural, flawless face category.
  • We are strong believers in the bareMinerals, BUXOM, and Laura Mercier brands, said Tricia Glynn, a Managing Director at Advent.
  • Shiseido Americas Corporation is a subsidiary of Tokyo-based Shiseido Company, Limited (TSE:4911), a leading global beauty company.