Image courtesy of reuters.com
As most of you may know, there are a small amount of fashion holding companies, LVMH, Tapestry, Kering, Apparel-III, and others. Well, we can now add the Lanvin Group into the mix.
And to set this off, Joann Cheng, the chairman and chief executive officer for the Lanvin Group, recently rang the opening bell at the New York Stock Exchange (NYSE), announcing the first IPO (initial public offering). The NYSE listing is called Lanvin Group Holdings Limited (“LGHL”) are under the new ticker symbols “LANV” and “LANVW,” opened at $10.20 per share.
As Cheng addressed the crowd, she said, “As I said to my teams, we are young—five years old—and have a long way to go, but proud to say we made this milestone today. I know it’s not easy, and we couldn’t achieve the moment today without you. We are turning the page and starting a new journey to become a wonderful global luxury group.”
Though the Lanvin Group currently holds Lanvin, St. John’s, Caruso, Wolford, and Sergio Rossi, Cheng is looking to expand the holding company to include more brands. “There is a long list of brands in the pipeline we would like to acquire, but we are not in a rush. We run this business like a corporation; we are not a private equity firm or investment-based institution,” she asserted, as reported in fashionnetwork.com.
In 2022, Lanvin experienced a 117% sales growth with wholesale being up 260% in October 2022.
Image courtesy Nadine Ijewere for British Vogue
A first for Iman
There are very few first for supermodel Iman in the fashion industry, but there are just a few. One of those first is Iman’s January 2023 cover of British Vogue.
In this January issue Iman talks about what is like to be a refugee in Somalia when her family lost everything due to a military coup and being discovered by photographer Peter Beard. (The real truth about her discovery, not the fabled tale about being discovered by Beard running through the African bush country. Iman was discovered while she was a university student.)
Iman also talked about meeting, falling in love, and marrying David Bowie. She also speaks to forming Black Girl Coalition with Naomi Campbell and Bethann Hardison in the 1980s. “Don’t give me a handout because that in itself is a racist act. The reason a lot of [racist] things are happening in our industry is because there is nobody [non-white] in decision-making positions. These people exist. So, this idea that we are asking for a seat at the table … I’m done with the seat at the table. Let’s just dismantle the whole table,” explains Iman in a dailyfrontrow.com article.
Image courtesy of fashonnetwork.com
You go, Iman!!
SJP and her little bags
Sarah Jessica Parker (SJP) never strays far away from fashion. SJP has teamed up with Fendi for an exclusive capsule collection that celebrates the 25th anniversary of Fendi’s Baguette.
Sarah Jessica Parker x Fendi Baguette Capsule Collection is a take on the iconic sequin embroidery version of the bag and offers a unique all-over degradé version of the Baguette and four interchangeable magnetic FF buckles. Add on SJP’s personal style and this capsule collection promises to be a surefire hit!!
The capsule collection comes in four colors purple, wasabi, baby pink or soft turquoise blue, and uses a special sequin embroidery coloring technique, known as ‘tie-dye’. This limited-edition collection comes in as special box with SJP’s signature on the outside and the iconic “It’s not a bag, it’s a Baguette” caption on the inside. The Sarah Jessica Parker x Fendi Baguette Capsule Collection is currently available in select Fendi stores.
—William S. Gooch
