Luxury Conglomerate Marks New Leadership Shift
Lanvin Group has announced Eric Chan as its new CEO and Huang Zhen as chairman, signaling a significant shift in leadership. The move follows the departure of Joann Cheng, the group’s founding chairman and CEO, who has stepped down to explore new endeavors. The luxury conglomerate, home to brands like Lanvin, Sergio Rossi, Wolford, St. John, and Caruso, looks to leverage Chan’s expertise as it continues its global retail expansion.
Chan, currently co-chairman of Greater Yuyuan Commercial Development Group, brings over three decades of experience in luxury real estate and omnichannel platforms. His appointment aims to steer the next phase of growth for Lanvin Group, which plans to expand retail presence across North America, Europe, Asia, and the Middle East. Chairman Zhen highlighted Chan’s expertise in luxury commercial real estate and omnichannel shopping platforms, citing his invaluable contribution to the group’s global expansion strategy.
Under Cheng’s leadership, Lanvin Group achieved notable milestones, including a successful IPO on the New York Stock Exchange and reinvigoration of its brands. The conglomerate is poised for international growth, with direct-to-consumer revenues on the rise across its luxury labels. Losses in the first half of 2023 widened, but the company aims to break even by 2024, buoyed by encouraging growth in Greater China, Europe, the Middle East, and Africa.
