Wolford news and archive

Wolford CEO Regis Rimbert steps down

Wolford has announced that Regis Rimbert is resigning from the management board effective January 17, 2025, within a year of his taking over as the company’s CEO. The company has announced the appointment of current global CFO, Andrea Rossi, as the interim general manager. Since 2018, both Lanvin Group and Wolford have been owned by Chinese...

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Wolford admits to ‘overstretched’ delivery service amid restructuring efforts

Lanvin-owned tights brand Wolford has admitted to “unforeseen complications” leading to “longer-than-expected delays” on orders over recent months after dissatisfied customers made their complaints about the brand’s delivery service public. In a statement to the Guardian, Wolford said issues arose after it switched to a new delivery provider...

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Wolford announces 'comprehensive restructuring' in H1 results

Wolford AG has gone through a tough period. As earnings continue to decline alongside other various challenges and disruptions, the company has said that restructuring has been made necessary, according to its latest financial update. Wolford's business model needs to be reinvented, the company reported, especially in production and...

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Global luxury slowdown impacts Lanvin Group's H1 results

Lanvin Group with Lanvin, Wolford, Sergio Rossi, St. John and Caruso in its portfolio of brands, generated revenue of 171 million euros, a 20 percent decrease versus the prior year. The company said that the main drivers of revenue decline were global market softness coupled with a struggling wholesale market. The group expects a challenging...

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Wolford: H1 sales decline by 15.7 million euros

Wolford’s first half global sales decreased by 15.7 million euros compared to last year to 43.1 million euros. The company attributed the decline to the transition to a new logistics provider which led to unexpected delivery problems. The company said in a release that the resulting turnover backlog is confirmed to be eliminated by the end of...

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Wolford expects negative earnings for 2023

At the end of April, Wolford AG postponed the publication of its annual financial statements for 2023, but the Austrian clothing retailer has now reported its preliminary results. An ad hoc announcement on Thursday shows that the legwear specialist, which is part of the Lanvin Group fashion group, expects a negative result before interest,...

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Regis Rimbert is the new CEO of Wolford AG

Lanvin Group has announced the appointment of Regis Rimbert as CEO of Wolford AG effective June 14, 2024. He succeeds Silvia Azzali, who has chosen to leave the company for personal reasons. Rimbert, the company said in a release, has more than 20 years of leadership experience across the fashion and luxury sectors, spearheading transformative...

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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...