Wolford news and archive

Wolford deepens losses again

Hosiery manufacturer Wolford reported increased losses again in 2024. The bottom line was a loss of 50.7 million euros. In the previous year, Wolford was able to limit the negative result to 30.8 million euros. “A number of unexpected events and operational headwinds impacted our performance, particularly in the last quarter, and put significant...

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Wolford postpones publication of annual financial statements

Austrian clothing supplier Wolford AG had planned to present its final results for the 2024 financial year on Wednesday. But that did not happen. The company announced late on Wednesday afternoon that the publication of the audited annual financial statements and the audited consolidated financial statements would be “postponed by a few days”....

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Wolford executive board member Ralf Polito extends stay

Austrian apparel company Wolford AG is emphasising continuity in its leadership team. The Management Board mandate of chief operating officer (COO) Ralf Polito has been extended until December 31, 2025, the company, which belongs to the Chinese fashion group Lanvin Group, announced in an ad-hoc release on Thursday. Polito will thus continue to...

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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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Wolford: Annual revenue drops 30 percent

Austrian apparel company Wolford AG experienced a significant decline in revenue in fiscal year 2024. According to preliminary, unaudited figures, revenue in 2024 amounted to 88 million euros, a 30 percent decrease compared to the previous year, the company, which belongs to the Chinese fashion group Lanvin Group, announced in an ad-hoc release...

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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...