Lanvin Group Appoints Experienced Financier Jiyang Han as New CFO

Lanvin Group, the esteemed global luxury fashion house, announced a significant strategic appointment on Friday, naming Jiyang Han as its new Chief Financial Officer, effective November 1. This key executive role positions Mr. Han at the helm of the group's financial operations, overseeing a comprehensive range of responsibilities critical to its continued growth and stability in the global luxury market.

In his new capacity, Mr. Han will be entrusted with guiding Lanvin Group's financial planning and analysis, ensuring robust accounting and controllership practices, and managing the group's overall financial health. His extensive portfolio of responsibilities will also encompass treasury management, the strategic oversight of investment and financing projects, and the crucial area of investor relations. This broad scope underscores the pivotal nature of his appointment in shaping the group's financial future.

Mr. Han brings to Lanvin Group a formidable two decades of experience across corporate finance, investment banking, and global business management. He joins the luxury conglomerate from Yuyuan, where he served in a dual capacity as co-CIO and assistant president, demonstrating his prowess in both investment strategy and executive leadership. Prior to his tenure at Yuyuan, he held the influential position of M&A and strategy leader for Greater China at 3M Company, a role that honed his expertise in complex corporate transactions and strategic planning. His journey in finance also includes leading Ivory Capital's Investment Banking team in Greater China from 2011 to 2019, following earlier foundational experience as a CPA and senior consultant at Ernst & Young China, where he built a strong understanding of financial principles and advisory services.

Commenting on the appointment, Mr. Huang expressed his enthusiasm, stating, "We are delighted to welcome Jiyang to Lanvin Group's executive leadership team. His extensive experience in financial strategy, global M&A, and capital markets will be invaluable as we continue to strengthen our financial discipline and support the group's growth ambitions worldwide. His appointment reflects our continued commitment to building a strong, future-ready organization." This statement highlights the strategic importance of Mr. Han's diverse background in supporting Lanvin Group's ambitious global expansion plans.

Mr. Han's arrival follows the previously announced planned departure of David Chan, whose tenure as CFO will conclude on October 27, ensuring a seamless transition of leadership within the financial department. This structured handover underscores the group's commitment to maintaining operational continuity and stability during executive changes.

Expressing his honor and optimism, Mr. Han remarked, "I am honored to join Lanvin Group at such a pivotal moment in its journey. The group's vision, global brand portfolio, and commitment to sustainable value creation are truly inspiring. I look forward to working closely with the leadership team to further enhance our financial capabilities and drive long-term growth for our shareholders and partners." His words reflect a clear alignment with the group's strategic objectives and a dedication to fostering sustained financial performance.

The Chinese-owned Lanvin Group boasts an impressive portfolio of iconic luxury brands, including its eponymous Lanvin, alongside renowned names such as Wolford, Sergio Rossi, St John, and Caruso. This diverse collection of high-end brands positions the group as a significant player in the global luxury market, with a strong foundation for future development and innovation.

In its most recent trading update, Lanvin Group reported a 22% decline in first-half sales, totaling €133 million, with gross profit decreasing by 27%. This financial context underscores the challenges and opportunities that lie ahead for Mr. Han as he steps into his new role, tasked with leveraging his expertise to navigate market dynamics and drive the group towards enhanced financial health and sustained growth.