Lanvin Group, the Paris-headquartered luxury holding company that carries the weight of the oldest continuously operating French fashion house, has appointed Xi Luo as its new chief financial officer, effective June 1. Luo brings more than two decades of experience in finance, investment, and corporate strategy to a role that has become increasingly pivotal as the group navigates a complex period of restructuring and repositioning. He succeeds interim CFO Andy Lew, who served in the role during a transitional phase that saw the company listed on the New York Stock Exchange through a SPAC merger.
Lanvin Group’s financial performance has been under close scrutiny since its listing. The company has reported revenue growth across most of its brands, but profitability has remained elusive, with operating losses persisting as the group invests in store openings, marketing, and brand repositioning. Luo’s mandate is widely understood to include accelerating the path to profitability through cost discipline, supply chain optimization, and more rigorous capital allocation across the brand portfolio.
The CFO appointment comes amid broader leadership changes at Lanvin Group. The company brought in a new CEO last year and has been reshaping its executive team with executives who bring experience in both luxury brand management and operational efficiency. Luo’s appointment completes the leadership triangle of CEO, CFO, and chief operating officer — the three roles that will determine whether Lanvin Group can translate its brand heritage into sustainable financial performance in an increasingly competitive luxury landscape.
The appointment signals Lanvin Group’s intent to strengthen its financial infrastructure at a moment when the broader luxury sector is recalibrating after a period of post-pandemic volatility. Luo’s background spans both Western and Chinese markets — a dual perspective that aligns with the group’s strategic ambitions in Asia, where the Lanvin brand has been investing heavily in retail expansion and local consumer engagement. His experience in navigating cross-border financial operations will be critical as the group seeks to rationalize its portfolio of brands, which includes Lanvin, Wolford, Sergio Rossi, St. John Knits, and Caruso.
For the industry, Lanvin Group serves as a case study in the challenges facing heritage brands attempting to scale without losing the identity that made them valuable in the first place. The Lanvin name carries enormous cultural equity — Jeanne Lanvin’s legacy as one of the great couturiers of the twentieth century is woven into the fabric of French fashion history. Translating that equity into a modern, profitable business model requires financial discipline that can support creative ambition without constraining it. Xi Luo’s appointment suggests the group is committing to the financial side of that equation with the same seriousness it has applied to the creative one.
