Lanvin Group announced Joann Cheng, the group’s chairman and chief executive officer, has decided to step down from her roles to “pursue new endeavours outside the group.”
SEE ALSO: Lanvin Group Asia sales surge 27 percent in H1, Greater China up 14 percent
As a result of Cheng’s departure, the group has appointed Huang Zhen to the role of chairman of the group, and Eric Chan to the role of CEO, effective December 7.
Zhen is a director of Fosun Group and currently serves as executive director and executive president at Fosun International. He has also held a number of board roles and chairmanships with other listed consumer companies.
Chan has over 30 years’ experience across a wide commercial spectrum, including omni-channel shopping platforms, luxury commercial real estate projects, as well as offices and high-end hotels and resorts.
He currently serves as co-chairman of Greater Yuyuan Commercial Development Group. Before that, he has 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 appointment comes as Lanvin embarks on its next phase of growth, centred around retail expansion for all its brands in North America, Europe, Asia and the Middle East, said the luxury fashion group in a press release.
“I am delighted to be joining Lanvin Group at this exciting time in its development,” Eric Chan, CEO of Lanvin Group, which operates the Lanvin brand, as well as Wolford, Sergio Rossi, St. John Knits, and Caruso.
“We have great leaders across all our brands, a clear creative direction set for the coming years, and an exciting consumer engagement strategy spanning digital and retail. We see significant opportunities ahead to build out our international presence.”
In its most recent trading update, Lanvin Group said it achieved revenue of EUR 215 million (USD 234 million) for the first half of 2023, a 6.4 percent increase on last year, thanks to surging Asia revenues across its brand portfolio.