Wolford news and archive

Wolford appoints Regis Rimbert as member of the management board

Regis Rimbert has been appointed by the supervisory board of Wolford AG as a member of the executive board for one year with effect from May 6, 2023. The company said in a statement that as chief transformation officer, Rimbert will support and drive forward the further transformation of the company. Wolford, founded in 1950 in Bregenz, Austria...

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Lanvin Group maintains growth momentum in 2023

Lanvin Group full year revenue of 426 million euros, increased 1 percent; and gross profit was 251 million euros, representing a 59 percent gross margin, a 250 bps increase versus 2022. Commenting on the full year trading, Zhen Huang, chairman of Lanvin Group, said: "In reviewing our 2023, I thought back to the resiliency we showed during the...

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Lanvin Group manages to achieve marginal sales growth

Lanvin Group reported revenues of 426 million euros, a 1 percent increase versus 2022. Commenting on the company’s performance, Eric Chan, CEO of Lanvin Group, said: "2023 was a year full of macroeconomic headwinds and global challenges. A softening second half saw the luxury fashion industry in a position it has not been in, in quite some time....

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Wolford sales marginally increase in 2023

Wolford announced that sales amounted to 126.9 million euros in the fiscal year 2023, corresponding to an increase of 1 percent compared to the previous year. In an unaudited results statement, Wolford said, the Asia-Pacific (APAC) region reported growth of 32 percent, while North America experienced 2 percent growth at a constant exchange rate....

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Lanvin Group posts increase in H1 revenue, but losses widen

Luxury fashion group Lanvin has reported widening losses in the first half of the year despite a 6.4 percent increase in revenue. The group, whose portfolio includes its namesake label as well as Sergio Rossi, Wolford, and St. John Knits, posted a H1 loss of 72.2 million euros compared to a loss of 68.7 million euros the prior year, while its...

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Wolford unveils collaboration with No. 21

Skinwear and hosiery specialists Wolford has launched an exclusive capsule collection in collaboration with designer Alessandro Dell'Acqua and his Italian brand No. 21. The ‘No. 21 x Wolford’ capsule blends Wolford's expertise in skinwear and classic shapewear with No. 21's ability to integrate refined materials with modern silhouettes for “a...

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Lanvin Group posts 37 percent jump in FY sales

Luxury fashion group Lanvin confirmed Thursday it made record sales in 2022, up 37 percent from the prior year. The group, whose portfolio includes its namesake label as well as Sergio Rossi, Wolford, and St. John Knits, posted sales of 422.3 million euros in its audited results Thursday - that’s compared to sales of 308.9 million euros a year...

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Wolford reports widening losses, but on track to deliver 'sustained profitability'

Austrian clothing manufacturer Wolford has reported widening losses for the period January to December, 2022, as it continues to tackle its operational efficiency. The group said its sales came in at 125.5 million euros for the year which, while beating the previous year by 15 percent, did not align with its EBIT, which took a 28.6 million euro...

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Wolford sales increase by 16 percent in 2022

Wolford AG has announced that in the fiscal year 2022 sales amounted to 126.6 million euros, which corresponds to an increase of 16 percent compared to the previous fiscal year 2021. On the earnings side, the company said in a statement, the outlook given at the half-year is confirmed, according to which there will be no improvement in operating...

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Wolford names Nao Takekoshi new artistic director

Austrian textile manufacturer Wolford has announced the appointment of Nao Takekoshi as its new artistic director. The Parsons School graduate’s appointment comes as part of Wolford’s ongoing strategic development phase, through which the company is focusing on reinforcing and modernising the codes of the brand, while preserving its identity....

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Lanvin Group shares tumble following NYSE debut

Luxury fashion group Lanvin saw its shares fall 25 percent in its first day of trading on the New York Stock Exchange (NYSE). The group, which is owned by China’s Fosun International, began trading on Thursday under the ticker ‘LANV’ after announcing in March plans to become publicly traded via a business combination with Primavera Capital...

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Valentina Rainone joins Wolford as head of finance

Wolford Ag has announced that on December 1, 2022, Valentina Rainone, 44, started work as head of finance with the company. The company said in a release that she will look into all the tasks of a chief financial officer (CFO) without being a direct member of the executive board. The company added that Rainone started as an auditor and tax...