Jean-Philippe Hecquet has stepped down as CEO of Lanvin as part of a significant management restructuring at the renowned Paris fashion house. The decision, effective immediately, means that Joann Cheng, Chairman of Fosun Fashion Group (FFG) and Lanvin’s board of directors, will temporarily assume the role of CEO. FFG, which obtained a majority stake in Lanvin in 2018, has reiterated its commitment to investing in and elevating the brand. Cheng expressed gratitude for Hecquet’s leadership during a crucial transitional period.

During FFG’s ownership, Lanvin has undergone notable transformations, such as the appointment of creative director Bruno Sialelli. Sialelli has garnered praise from critics for his fresh and playful reinterpretation of the brand’s DNA, incorporating elements of French popular culture. FFG has emphasized its dedication to strengthening Lanvin’s status as an iconic fashion house and reassured that Sialelli’s position is secure for now.

While the search for a new CEO is underway, Cheng and the executive committee will continue to lead the company, focusing on establishing a solid foundation for future growth. FFG, a subsidiary of Fosun International, is a formidable private conglomerate with a proven track record of acquiring stakes in prestigious global brands. Apart from Lanvin, FFG possesses various luxury brands and notable assets, including the Wolverhampton Wanderers football team, Club Med, and high-profile properties in Manhattan.

Established in 2017, FFG is a multifaceted industry platform specializing in strategic investments and operations within the fashion sector. With its portfolio of luxury brands collectively generating approximately 1.25 billion euros in annual turnover, FFG stands as the largest Chinese group with ownership of international luxury brands.

Useful links:
1. Lanvin Official Website
2. Fosun Fashion Group Official Website