Lanvin Group CFO resigns ahead of full-year results announcement

By

Benjamin Fitzgerald

Published
Feb 2, 2023

Lanvin Group announced on Tuesday the resignation of its chief financial officer, Shang Koo. David Chan, the group's executive president, will serve as interim CFO while the luxury group searches for Koo's replacement.

Chan will retain his position as executive president of Lanvin Group, overseeing the group's activities including mergers and acquisitions, brand operations, vision and strategy, recruitment of key personnel, and management of key success factors and guidelines for the portfolio brands.

Chan currently serves as the chairman of Wolford's supervisory board, and as a board member of Lanvin, Sergio Rossi, St. John and Caruso.   

Lanvin Group, which operates the Lanvin, Wolford, Sergio Ross, St. John, and Caruso brands, added it plans to report its unaudited full-year 2022 preliminary revenue results on February 17, where it will also discuss its outlook for 2023.

"For our first financial announcement as a newly listed company, we look forward to providing an early understanding of last year's revenues, ahead of the release of our final audited 2022 financial results in April," said Joann Cheng, chairman and CEO of Lanvin Group.

"I would also like to express my sincere gratitude to Shang for his contribution to Lanvin Group, particularly during the Group's listing process. We wish him every success in his future endeavors."

The news comes one month after the China-based group made its New York stock exchange in December.