Fashion
Lanvin Group says key exec David Chan will leave this month
Published
October 13, 2025
Lanvin Group announced on Monday that David Chan, its executive president and chief financial officer, has decided to step down from his position, effective October 27 “to pursue new professional opportunities”.
There was no clue as to what those new opportunities are.
The company added that since joining Lanvin Group at its inception, Chan “has been instrumental in strengthening the group’s strategic and financial foundation, advancing its transformation into a global luxury platform, and supporting its continued progress following the company’s NYSE listing”.
And chairman Zhen Huang thanked him on behalf of the board and the team “for his dedication and leadership over the past years. His significant contributions have been pivotal in shaping the group’s strategic direction and transformation efforts. We wish him continued success in his future endeavours. Lanvin Group remains well-positioned to continue delivering growth and creating long-term shareholder value”.
Chan himself said that it’s been a privilege to be part of the “remarkable journey” and that the group is positioned for “sustainable growth”.
Not that he appears to be cutting all ties with he business as the announcement said that the company “has implemented a structured transition plan to ensure continuity across its finance and operations functions. While Mr Chan steps down from his executive role, he may continue to support the company in an advisory capacity”.
But Chan’s departure was clearly not part of a planned succession process as the company said it will “provide further updates regarding the appointment of a successor in due course”.
Lanvin Group owns its eponymous brand as well as Wolford, Sergio Rossi, St John and Caruso, but has struggled in recent periods.
Only last month it said that for the first half of 2025, revenue fell 22% to €133 million and the Lanvin label saw its sales falling 40%. Gross profit dropped by 26.8% to €71.9 million, and gross operating losses deepened. It blamed ongoing weakness in the global luxury market, lower wholesale sales in EMEA, and the Group’s strategic pivot to direct-to-consumer sales.
Its brand story was one of declines almost across the board, although St John was relatively stable.
In its most recent full-year results reported in February, it had said total company revenue had dropped by 23% to €328.6 million. Lanvin revenue was down 26% at €82.7 million with Wolford down 30% at €87.9 million. St John fell 12% to €79 million, Sergio Rossi fell 30% to €41.9 million and Caruso dropped 7% to €37 million.
The meant gross profit decreased to €183 million, reflecting a margin of 56%, compared to €251 million in 2023 with a margin of 59%.
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Fashion
US’ Old Navy launches little navy, a new newborn essentials collection
“We designed this collection with parents in mind. Shopping for a newborn, as a gift or for your own, should feel joyful and easy. Everything is intended to be mixed together and matched — it’s fun, it’s emotional, and the value is incredible.”. – Sarah Holme, Head of Design & Product Development for Old Navy.
Old Navy has introduced Little Navy, a new collection of newborn essentials designed to simplify early-stage shopping and gifting.
The range includes layettes, hats, booties and mix-and-match basics in soft, seasonless colours and cosy fabrics.
Sized for babies up to 24 months, the line focuses on comfort, versatility, emotional appeal and strong value for modern parents.
Little Navy goes beyond onesies, offering layettes, hats, booties, and more, all in one convenient collection and no extra searching required. It features a soft, seasonless color palette, cozy fabrics, and versatile styles made for newborns and babies up to 24 months, with sizing that allows Little Navy to grow with baby.
Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.
Fibre2Fashion News Desk (RM)
Fashion
Bangladesh’s BGMEA seeks policy reforms, release of pending incentives
They said bank audit procedures have stalled numerous applications. Around Tk 57 billion in incentives for the textile and apparel sector remain unsettled in fiscal 2025-26, creating acute liquidity pressure and affecting exports.
Bangladesh trade body BGMEA representatives recently met Finance Minister Amir Khasru Mahmud Chowdhury and urged him to release pending cash incentives without waiting for quarterly release schedules and simplify the disbursement process.
They said bank audit procedures have stalled numerous applications.
They also raised concerns over loan rescheduling and working capital.
The authorities were requested to disburse incentives upon application submission instead of waiting for quarterly release schedules, according to a release from the trade body.
BGMEA vice president Mohammad Shihab Uddoja Chowdhury raised concerns over loan rescheduling and working capital. He said banks often reschedule loans to maintain non-performing loan ratios, but fail to provide the working capital factories need to resume operations.
He proposed that banks pair rescheduling with working capital support to create a win-win outcome, allowing factories to operate and repay loans. The finance minister agreed with the proposal.
BGMEA leaders also called for business facilitation and lower operational costs to help Bangladesh remain competitive in the global market. They sought policy support to remove obstacles in customs, ports and other administrative layers and to ensure an investment-friendly environment.
Fibre2Fashion News Desk (DS)
Fashion
Bangladesh’s CPD calls for reforms in biz & tax climate, trade deals
Bangladesh think tank Centre for Policy Dialogue has called for major reforms in business environment, tax collection, trade deals and FDI management, cautioning that the country’s post-election economic transition may be at risk without evidence-based decisions and strong accountability.
A CPD study identified ‘leaking revenue’ as the weakest area across all decision-making indicators.
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