Lanvin Group’s founding chairman and CEO, Joann Cheng, has departed the company to pursue “new endeavours outside the group” after six years of building the fashion empire.
Lanvin Group has named Huang Zhen and Eric Chan as its new chairman and CEO, respectively.
“The past six years at Lanvin Group have been some of the most fulfilling of my career,” said Cheng. “I am pleased to be stepping away from the group, with a clear creative direction set, and all the building blocks in place for the next phase of growth.”
Prior to Lanvin Group, Zhen served as executive director and executive president at Fosun International.
Meanwhile, The group’s new CEO, Eric Chan, served as co-chairman of Greater Yuyuan Commercial Development Group. He previously held senior roles at SECOO Group, K11 Concepts under Hong Kong New World Development Group, Wharf Group, CB Richard Ellis, Hong Kong MTR Corporation and Four Seasons Hotels & Resorts Group.
“His extensive real estate and consumer experience will be invaluable as we drive the next phase of the group’s growth and expand our footprint globally,” said Zhen.
The Shanghai-headquartered company raised US$150 million in its NYSE debut last December, taking its value to US$1.31 billion. For the first half of this year, the group reported revenues of US$235 million, a 6.4 per cent increase year on year. Its portfolio consists of Lanvin, Wolford, Sergio Rossi, St John Knits, and Caruso.
