According to a report in WWD, French fashion brand Lanvin is speaking with “several investors to sell a majority stake in the company.” The brand just hasn’t gained enough traction with the current fashion climate and has been battling declining sales since 2015.
“There are indeed people circling around Lanvin. There is movement because the company is running out of money. The situation is pretty bad in the sense that the turnover continues to decrease and therefore the company is losing more and more money, and so something needs to be done, and I think everybody’s woken up to that.” – Anonymous source to WWD.
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