Concern for future of French fashion house
09/11/2017
The label does not publish its earnings, but Reuters quoted sources which say its sales in 2017 are forecast to fall 30% following a 23% drop last year.
On November 7, it was announced that Lanvin’s majority shareholder, Taiwan-based businesswoman Shaw Lan-Wang, is to inject fresh funds into the brand before the end of 2017. The company said in a statement that it was working on a new strategy but did not disclose how much money Ms Lan-Wang was planning to put in.
Sources have said this extra investment will allow Lanvin to pay employees’ salaries in January, something it would otherwise struggle to do.
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