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%.
Copyright © 2025 FashionNetwork.com All rights reserved.
By
Bloomberg
Published
January 15, 2026
Xreal Inc., a Chinese pioneer in smart glasses, is suing Viture Inc. for patent infringement in the US, arguing its rival has unfairly capitalized on Xreal’s extensive research and investment in the segment.
The lawsuit, filed Thursday in federal court in eastern Texas, accuses San Francisco-founded Viture of unlawfully incorporating Xreal’s patented inventions into smart glasses such as the Luma Pro, Luma Ultra, and a high-end pair called The Beast.
Both Xreal and Viture manufacture augmented reality, or AR, glasses that plug into devices like smartphones and laptops, offering viewers a large virtual display for watching movies or handling productivity tasks. Technical specifications like display resolution and field of view- the size of the augmented world you can see at any given time- are often very similar between the two brands.
Their US legal battle comes ahead of what is expected to be a pivotal moment for the segment, with Apple Inc. expected to make its category debut as soon as this year, Bloomberg has reported.
Xreal holds over 800 patent and patent applications worldwide, including dozens in the US and Europe, it said in a statement Thursday announcing the lawsuit. “By comparison, Viture owns approximately or fewer than 70 patent and patent applications globally, with none in the United States or Europe,” it added.
“The lawsuit is not merely about enforcing a single patent,” Xreal said in the statement. “It is about stopping a pattern of intellectual property infringement that undermines the integrity of innovation and endangers continued technological development in this industry.”
Xreal holds more global market share than Viture in the AR eyewear category, according to research firm IDC. But both companies lag far behind Meta Platforms Inc., which has come the closest to mainstream success with its Ray-Ban line of smart glasses.
At the CES technology trade show earlier this month, Xreal unveiled a new entry-level pair of glasses and a co-branded set of glasses developed with Taiwan’s Asustek Computer Inc. It also announced that it’s extending a partnership with Alphabet Inc.’s Google.
Xreal said in the statement that these and other collaborators are “owed confidence that their co-developed products will not also be threatened by infringers attempting to benefit from infringement or undermined by unauthorized usage of IP.”
Published
January 15, 2026
Designer Soshi Otsuki won himself a huge ovation at the key gala show of Pitti Uomo on Thursday after presenting a brilliant collection that celebrated classic western tailoring, even as it subverted its codes.
A tour de force of draping, cutting, and silhouette, this fall 2026 collection from his brand Soshiotsuki was definitely a major fashion statement.
In a moment of volume in menswear, Otsuki opened the action with a perfectly judged trio of to-die-for double-breasted suits with peak lapels in crepe and fine wool in various shades of grey- cement, mud, or dove.
He cut his jackets to end well below the hip and his trousers were something else. Made with a half-dozen front pleats, they were elephantine but never outrageous. Otsuki is such a great natural tailor, the exaggeration merely added to the elegance.
Soshi is no slouch when it comes to leather either. From his copper-hued leather rock god suit to his cocoon style leather bomber jacket. And, just when you thought he was playing a little too safe, he sent out some fab jeans, so degraded they almost looked moth-eaten. Tokyo street style meets sartorial Italian.
Playing on couture techniques, the designer also whipped up several bias-cut green corduroy blazers and suits marrying Japanese eccentricity and British aplomb.
The show was the latest Italian/Japanese marriage at this edition of Pitti that began with a Sebiro Sanpo tailoring association Japanese suit march inside the Fortezza da Basso, the giant fortress where the salon is staged. Remarkably, Otsuki has never actually studied suiting formally, but he somehow understands it instinctively.
The soundtrack, culled from composer Joe Hisaishi’s soundtrack to Takeshi Kitano’s 2000 gangster movie Brother, featured a beautifully yearning saxophone solo. It would have felt just right for one of Douglas Sirk’s 1950s melodramas starring Rock Hudson. One almost expected Rock to take the final passage.
Presented inside the beautiful Refetterio Santa Maria della Novella, a looming Gothic refectory at the back of the legendary Renaissance Basilica, this was a bravura display.
Altogether, a bases loaded, home run, smash hit collection. One could say it felt like a star is born moment in menswear, except that Soshi Otsuki was already acclaimed. He is the latest winner of the LVMH Prize.
Talk about backing up winning an award with a great fashion statement.
Copyright © 2026 FashionNetwork.com All rights reserved.
Published
January 15, 2026
Luxury skincare brand Genaura has promoted Nicola Young to managing director, moving up from chief marketing officer following the brand’s product launch to market in September.
Young’s promotion is underscored by “an impressive career”, which has included senior positions at Carlton Screen Advertising, marketing director at Jazz FM and Magic 105.4FM, and group director of Marketing at radio conglomerate Global Player.
Most notably, her beauty industry involvement included director of Media UK at Estée Lauder Co.
Young said the launch of Genaura “has the potential to revolutionise the beauty and wellness sector… my experience in this field has helped drive the marketing vision so far, and I look forward to progressing even further”.
She added: “Looking to… the growth of Genaura, I am excited to scale and innovate whilst remaining authentic to the scientific background of the product, planning global recognition of this revolutionary ingredient exclusive to Genaura.”
Available in the UK currently, the business has “aspirations for 2026 and beyond… extending skincare products within the range.”
Genaura claims to be a “world first in skincare”, with its Genaura Levagen + Smart Face serum “boasting a powerhouse formula alongside patented technology… creating an ‘age-proofing’ approach to the skin and supporting the skin’s natural barrier function”.
Copyright © 2026 FashionNetwork.com All rights reserved.
Xreal files patent suit against rival smart glasses maker Viture
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