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Why Lanvin Group Probably Won’t End Fashion’s IPO Drought

The owner of Lanvin, Sergio Rossi and other brands is the first fashion company to list on a US exchange in a year. But the tough economy and investor skepticism about money-losing start-ups is likely to keep others from following suit.
Naomi Campbell walking the Lanvin Spring/Summer 2022 runway at Paris Fashion Week.
Naomi Campbell walking the Lanvin Spring/Summer 2022 runway at Paris Fashion Week. (Indigital)
By
BoF PROFESSIONAL

This week fashion will experience something it hasn’t in a while: an IPO. Lanvin Group, which owns Sergio Rossi, Wolford, St. John and Caruso in addition to its namesake brand, is listing on the New York Stock Exchange via a special purpose acquisition company on Thursday. The road to going public hasn’t been entirely bump-free: Lanvin had to reduce its valuation from $1.25 billion to $1 billion in October, citing economic headwinds. But the group’s parent, China’s Fosun International, is betting investors are eager for more exposure to the luxury sector, which time and again during the pandemic has proven the most resilient slice of the fashion market.

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About the author
Brian Baskin
Brian Baskin

Brian Baskin is Executive Editor at The Business of Fashion. He is based in New York and oversees BoF's beauty, retail, direct-to-consumer, technology, marketing and workplace verticals.

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