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Lanvin Group Therapy

With an executive shake-up at its marquee brand and tremors across the group’s portfolio, the parentco of St. John, Wolford, and Sergio Rossi is once again at an inflection point. Is bankruptcy on the near horizon, or can C.E.O. Andy Lew and his China-based owners right the ship?

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Andy Lew
The success earned him the top position at a group in freefall: In some ways, Lew, an American who has worked in China but does not speak Chinese, is a more traditional choice to run Lanvin Group. Photo: Sansho Scott/BFA.com
Lauren Sherman
March 19, 2026

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A few weeks back, a source in the real estate world asked me what was going on with the Lanvin Group. Were they headed for bankruptcy? The company, which trades on the New York Stock Exchange but is controlled by Fosun, the Chinese multinational conglomerate, had considered trying to sell some of its retail leases. This person had heard reports of some stores facing rent troubles, with the company blaming the Chapter 11 bankruptcy of Saks Global for its woes. None of that was surprising: Lanvin Group’s brands—Lanvin, Wolford, St. John, and Sergio Rossi—had been in the tricky position of having to continue shipping to Saks Global while not being paid. As a public company, after all, they had a fiduciary duty to increase revenue, and their small-to-midsize luxury brands needed department stores for scale.

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