French luxury house Lanvin announced today that it has sold a minority stake to an investor. But fear not—the label assures us that the sale is part of a master plan to promote overall growth in the next few years. The identity of the European family holding company behind the
investment has not yet been confirmed but reps for Lanvin did confirm that it
had sold 12.5 percent of Arpège SAS, the label's primary holding company. "The company is really healthy. We only need to accelerate," Thierry Andretta, Lanvin's executive vice president, told WWD. "We will be looking worldwide for great opportunities." Indeed, the label has been steadily gaining momentum in both visibility and sales since creative director Alber Elbaz took the reigns back in 2001, with a 29 percent increase in the past year alone! Whew.
Andretta revealed that Lanvin's business is currently 70 per cent
wholesale but noted, "our goal is to progressively grow to at least
50-50," by adding to its selection of standalone stores, currently set at 19
company-owned boutiques and 21 franchises. In January, Lanvin will open
a 2,800-square-foot store in Singapore, followed by stores in Beijing,
Hong Kong and Las Vegas. The house's majority stake owner, Shaw-Lan Wang, will retain control of the company and has so far resisted any other potential stakeholders, including LVMH's Bernard Arnault.
Article Source: Style.com, WWD
Photo Source: frillr
Tags: $2, 800-square-foot store, Alber Elbaz, Alia Rajput, ArpÃ¨ge SAS, Beijing, European family holding company, French, Hong Kong, house, Lanvin, Las Vegas, luxury, LVMH's Bernard Arnault, Minority Stake, Sells, Shaw-Lan Wang, Singapore, Thierry Andretta