The Tamesis
Lanvin announced on Friday that Siddhartha Shukla, Lanvin’s deputy chief executive, will resign from the company after more than four years in the job. A press release issued by Lanvin Group stated that Andy Lew was appointed executive president of Lanvin China parent company Lanvin Group (formerly Fosun Fashion Group) and chairman and CEO of Lanvin in January 2025. He will “continue to oversee the brand and its strategic goals, ensure continuity and provide support to the leadership team.”
“I would like to thank Siddhartha for his contribution to Lanvin over the past four years. We wish him all the best in his future career,” Lu said in a statement.
“Guiding the Lanvin brand and business has been one of the greatest challenges and greatest honors of my career,” said Shukla. “When I step down after four extraordinary years, I am immensely proud of what we have achieved together and confident in the team’s ability to carry forward our beliefs and shared vision of France’s fashion and cultural treasures.”
Shukla’s background includes 12 years at Kering in marketing for Gucci and Saint Laurent. He then spent eight years at Theory, the last two as chief brand officer. He joined Lanvin in December 2021 to lead the brand’s transformation after a rocky few years. In the years since star designer Alber Elbaz stepped down in 2015, the brand has welcomed a number of creative leaders, including Bouchra Jarrar, Olivier Lapidus and Bruno Sialelli.
Shukla’s achievements include reimagining brand identity, product strategy, store concepts and visual identity. He hired Steven Meisel for the 2022 black and white advertising campaign, featuring a new logo conceived by M|M Paris. After Sialelli left in April 2023, Shukla hired Peter Copping as artistic director in June 2024. The experienced designer is known for his feminine creations, especially as creative director of Nina Ricci and Oscar de la Renta. “As Jeanne Lanvin herself said, this is a return to le Chic ultime, the ultimate fashion,” said Shukla fashion business November 2024.
According to sources, since Copping took over, the brand has returned to Paris Fashion Week, and its women’s ready-to-wear, women’s shoes and leather goods business has increased year-on-year. Under Shukla’s leadership, sales increased from €73 million in 2021 to approximately €120 million in 2023. But Lanvin is not immune to the shrinking market. According to industry sources, with the industry downturn, the collapse of the sneaker business (Lanvin has a strong sneaker business, its best-selling model is the Curb) and the downsizing of the store network (Lanvin closed a dozen stores, mainly in China), sales will fall to around 100 million euros in 2025.
According to reports, Lanvin Group, which was listed on the New York Stock Exchange in December 2022, has been affected by China’s economic recession. In February 2026, its Italian men’s clothing brand Caruso was sold to MondeVita Italy Srl, a subsidiary of the MondeVault Group. The group still owns Austrian skin care brand Wolford, Italian shoe brand Sergio Rossi and American knitwear brand St John. The group’s revenue in the first half of 2025 was 133 million euros, a 22% decrease from the first half of 2024, and EBITDA losses deepened.
The news comes a week after the Lanvin show during Paris Fashion Week. “Not since the days of Alber Elbaz have there been so many beautiful dresses on the Lanvin catwalk.” fashion showSarah Mower wrote in her review.
