Caruso news and archive

Lanvin Group sells Caruso to MondeVita Italy

Raffaele Caruso has completed an ownership transfer from its former shareholder, Lanvin Group, to MondeVita Italy srl. MondeVita Italy srl is part of Mondevo Group, an international investment group backed by private investors with a long-term outlook. Mondevo Group was founded by Hussam Otaibi, founder and chairman, and Fabio Brambilla,...

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Lanvin Group faces double-digit revenue decline in 'transitional year' 2024

The annual results for the Chinese fashion group Lanvin Group Holdings Limited are marked by a "transitional year" in which the company strategically adjusted its creative direction and operations. The owner of the Lanvin fashion house and the Wolford, Sergio Rossi, St. John, and Caruso brands reports a double-digit revenue decline for fiscal...

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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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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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Caruso names new creative director

Men's fashion brand Caruso has a new creative director. Max Kibardin has taken up the position, as reported by FashionNetwork. Kibardin is no stranger to the Italian brand. He is said to have worked on Caruso's collections for several seasons before assuming the title of creative director. Kibardin previously worked at Karl Lagerfeld, Roberto...

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Video: Caruso SS22 collection

In this video, fashion label Caruso has presented its SS22 collection at Seoul Fashion Week (SFW). Watch the video below. Do you want to see more clothing collections? Click here to view the FashionUnited Marketplace. Video: Seoul Fashion Week via YouTube Photo credit: Seoul Fashion Week

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Fosun Fashion Group buys Caruso’s debt

Italian luxury menswear brand Caruso has reached an agreement with its parent group, Fosun Fashion Group (FFG), and its creditors to gain some liquidity to recover from the pandemic’s impact. The Chinese group is buying back the designer company’s financial debts at a discounted price, providing Caruso with a capital increase. The financial...