Financial difficulties persist for Lanvin - leatherbiz: Leading news s Leatherbiz

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Financial difficulties persist for Lanvin

08/01/2018
The managing director of luxury leathergoods brand Lanvin, Nicolas Druz, has said the company is still looking for ways to revive its business after a proposed injection of capital fell through in December.

In November, leatherbiz.com reported that there were serious concerns over the brand’s financial situation following a slump in sales. Majority shareholder Shaw-Lan Wang announced she would inject funds into the company before the end of 2017 but a shareholders meeting to confirm the move never took place. 

Speaking to Reuters, Mr Druz said that “sustained financial and industrial solutions that do not involve capital increase will be found by end of March.” 

He added that these solutions will solve Lanvin’s cash flow problems and revive the company’s development. 

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