UNITEDSTATES

SECURITIESAND EXCHANGE COMMISSION

Washington,D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
OF THE SECURITIES EXCHANGE ACT OF 1934

For the Month of August 2025

Commission File Number: 001-41569

LANVIN GROUP HOLDINGS LIMITED

4F, 168 Jiujiang Road,
Carlowitz & Co, Huangpu District
Shanghai, 200001, China
(Address of principal executive offices)

Indicate by check mark whether the registrantfiles or will file annual reports under cover of Form 20-F or Form 40-F.

INCORPORATION BY REFERENCE

This current report on Form 6-Kis incorporated by reference into the registration statement on Form F-3 (No. 333-276476), the post-effective amendment No. 5to Form F-1 on Form F-3 (No. 333-269150) and the registration statement amendment No. 1 on Form F-3 (No. 333-280891)of Lanvin Group Holdings Limited and shall be a part thereof from the date on which this Report is furnished, to the extent not supersededby documents or reports subsequently filed or furnished.

EXHIBIT INDEX

SIGNATURES

Pursuant to the requirementsof the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereuntoduly authorized.

Date: August 29, 2025

Exhibit 99.1

Lanvin Group Holdings Limited

Semi-Annual Report
As of and for the six months ended June 30, 2025

Table of Contents

Lanvin Group Holdings
Limited Interim condensed consolidated financial statements (unaudited)
At and for the six months ended June 30, 2025 and 2024

Table of Contents

CERTAINDEFINED TERMS

In this report (the “Semi-AnnualReport”), unless otherwise specified, the terms “we,” “us,” “our,” “Lanvin Group,” “the Company” and “our Company” refer to Fosun Fashion Group (Cayman) Limited, or FFG, and its consolidated subsidiaries,prior to the consummation of the Business Combination (as defined below) and to Lanvin Group Holdings Limited, or LGHL, and its consolidatedsubsidiaries following the Business Combination, as the context requires. The term “PCAC” refers to Primavera Capital AcquisitionCorporation prior to the consummation of the Business Combination.

INTRODUCTION

The interim condensed consolidatedfinancial statements as of and for the six months ended June 30, 2025 (the “Semi-Annual Condensed Consolidated Financial Statements”)included in this Semi-Annual Report have been prepared in compliance with IAS 34 — Interim Financial Reporting as issued by theInternational Accounting Standards Board and as endorsed by the European Union. The accounting principles applied are consistent withthose used for the preparation of the annual consolidated financial statements as of December 31, 2024 and December 31, 2023and for each of the three years in the period ended December 31, 2024 (the “Annual Consolidated Financial Statements”),except as otherwise stated in Note 3 in the notes to the Semi-Annual Condensed Consolidated Financial Statements.

The Group’s financialinformation in this Semi-Annual Report is presented in Euro except that, in some instances, information is presented in U.S. dollar. Allreferences in this report to “Euro,” “EUR” and “€” refer to the currency introduced at the startof the third stage of European Economic and Monetary Union pursuant to the Treaty on the Functioning of the European Union, as amended,and all references to “U.S. dollar,” “USD” and “$” refer to the currency of the United States of America(the “U.S.”).

Certain totals in the tablesincluded in this Semi-Annual Report may not add up due to rounding.

This Semi-Annual Report isunaudited.

NOTEON PRESENTATION

On March 23, 2022, we entered into the Business CombinationAgreement (the “Business Combination Agreement”) by and among LGHL, PCAC, FFG, Lanvin Group Heritage I Limited (“MergerSub 1”) and Lanvin Group Heritage II Limited (“Merger Sub 2”), which was subsequently amended on October 17, 2022,October 20, 2022, October 28, 2022 and December 2, 2022. Pursuant to the Business Combination Agreement, (i) PCACmerged with and into Merger Sub 1, with Merger Sub 1 surviving and remaining as a wholly-owned subsidiary of LGHL, (ii) followingthe Initial Merger, Merger Sub 2 merged with and into FFG, with FFG being the surviving entity and becoming a wholly-owned subsidiaryof LGHL, and (iii) subsequently, Merger Sub 1 as the surviving company of the Initial Merger merged with and into FFG as the survivingcompany of the Second Merger, with FFG surviving such merger (the “Business Combination”). For more information relatingto the Business Combination, including a description of the transactions undertaken to complete the Business Combination, reference shouldbe made to Note 1— General information to the Annual Consolidated Financial Statements in the Annual Consolidated FinancialStatements.

Following the completion ofthe Business Combination, on December 14, 2022, our ordinary shares and public warrants began trading on the New York Stock Exchange(“NYSE”) under the symbols “LANV” and “LANV-WT”, respectively.

CAUTIONARYNOTE REGARDING FORWARD-LOOKING STATEMENTS

This Semi-Annual Report containsforward-looking statements. Forward-looking statements include all statements that are not historical statements of fact and statementsregarding, but not limited to, our expectations, hopes, beliefs, intention or strategies of regarding the future. You can identify thesestatements by forward-looking words such as “may,” “expect,” “predict,” “potential,” “anticipate,” “contemplate,” “believe,” “estimate,” “intend,” “plan,” “future,” “outlook,” “project,” “will,” “would” and “continue” or similar words. Youshould read statements that contain these words carefully because they:

We believe it is importantto communicate our expectations to our security holders. However, there may be events in the future that we are not able to predict accuratelyor over which we have no control. The risk factors and cautionary language discussed in this Semi-Annual Report provide examples of risks,uncertainties and events that may cause actual results to differ materially from the expectations described by us in such forward-lookingstatements, including among other things:

In addition, statements that “we believe” and other similar statements reflect our belief and opinions on the relevant subject. These statements are basedupon information available to us as of the date of this Semi-Annual Report, and while we believe such information forms a reasonable basisfor such statements, such information may be limited or incomplete, and our statements should not be read to indicate that we have conductedan exhaustive inquiry into, or review of, all potentially available relevant information. These statements are inherent uncertain andinvestors are cautioned not to unduly rely upon these statements.

The foregoing factors shouldnot be construed as exhaustive and should be read together with the other cautionary statements included in this Semi-Annual Report. Allforward-looking statements included herein are expressly qualified in their entirety by the cautionary statements contained or referredto in this section as well as any other cautionary statements contained herein. Except to the extent required by applicable laws and regulations,we undertake no obligation to update these forward-looking statements to reflect events or circumstances after the date of this Semi-AnnualReport or to reflect the occurrence of unanticipated events. In light of these risks and uncertainties, you should keep in mind that anyevent described in a forward-looking statement made in this Semi-Annual Report or elsewhere might not occur.

MANAGEMENT’SDISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Overview

We are a global luxury fashiongroup with five portfolio brands, namely Lanvin, Wolford, Sergio Rossi, St. John, and Caruso. Founded in 1889, Lanvin is one of the oldestFrench couture houses still in operation, offering products ranging from apparel to leather goods, footwear, and accessories. Wolford,founded in 1950, is one of the largest luxury skinwear brands in the world, offering luxury legwear and bodywear, with a recent successfuldiversification into leisurewear and athleisure. Sergio Rossi is a highly recognized Italian shoemaker brand and has been a householdname for luxury shoes since 1951. St. John is a classic, timeless and sophisticated American luxury womenswear house founded in 1962 andCaruso has been a premier menswear manufacturer in Europe since 1958. In addition to our current five portfolio brands, we are also activelylooking at potential add-on acquisitions as part of our growth strategy.

Our goal is to build a leadingglobal luxury group with unparalleled access to Asia and to provide customers with excellent products that reflect our brands’ traditionof fine craftsmanship with exclusive design content and a style that preserves the exceptional manufacturing quality for which those brandsare known. This is consistently achieved through the sourcing of superior raw materials, the careful finish of each piece, and the waythe products are manufactured and delivered to our customers. For the six months ended June 30, 2025 and 2024, we recorded revenuesof €133.4 million and €171.0 million, respectively, net loss of €86.8 million and €69.4 million, respectively andAdjusted EBITDA of €(51.8) million and €(42.1) million, respectively.

We operate a combinationof direct-to-consumer, or DTC, and wholesale channels worldwide through our extensive network of around 820 points of sale, includingapproximately 198 directly-operated retail stores (across our five portfolio brands) as of June 30, 2025. We distribute ourproducts worldwide via retail and outlet stores, wholesale customers and e-commerce platforms. Taking into account the DTC (includingboth directly-operated stores and e-commerce sites) and wholesale channels, we are present in more than 75 countries.

Results of Operations

Six months ended June 30, 2025 compared with six monthsended June 30, 2024

The following is a discussionof our results of operations for the six months ended June 30, 2025 as compared to the six months ended June 30, 2024.

Revenues

We generate revenue primarilythrough our five brands: Lanvin, Wolford, St. John, Sergio Rossi and Caruso, whose revenues are generated from the sale of their products,manufacturing and services for private labels and other luxury brands, as well as from royalties received from third parties and licensees.Revenue is measured at the transaction price which is based on the amount of consideration that we expect to receive in exchange fortransferring the promised goods or services to the customer. For each period presented, revenue is exclusive of sales incentives, rebatesand sales discounts. As such, the percentage contribution of these sales incentives, rebates and sales discount is zero.

Revenues for the six monthsended June 30, 2025 amounted to €133.4 million, a decrease of €37.6 million or 22.0%, compared to €171.0 million inthe same period in 2024.

The following table sets fortha breakdown of revenues by portfolio brand for the six months ended June 30, 2025 and 2024.

The following table sets fortha breakdown of revenues by sales channel for the six months ended June 30, 2025 and 2024.

The following table sets forth a breakdown of revenues by geographicalarea for the six months ended June 30, 2025 and 2024.

By segment

By segment, the decrease in revenues was driven by (i) a decreaseof €20.3 million (or (42.1)%) in sales from Lanvin segment, which was mainly due to market headwinds and creative transition, (ii) adecrease of €9.6 million in sales (or (22.6)%) from Wolford segment, which was mainly due to the lingering effect of the transitionto a new logistic supplier in past fiscal year and strategic optimization of retail network, (iii) a decrease of €5.1 million(or (24.9)%) from Sergio Rossi segment, which was mainly due to market headwinds and creative transition, (iv) a decrease of €2.1million (or (10.7)%) from Caruso segment due to global luxury market softness.

By sales channel

By sales channel, the decreasein revenues was mainly related to a decrease of €24.5 million (or (23.4)%) in the DTC channel and a decrease of €12.8 million(or (21.5)%) in the wholesale channel.

The decrease in DTC revenueswas mainly due to the softening demand for luxury goods and strategic channel optimization.

The decrease in wholesalechannel mainly related to decrease in Lanvin, Sergio Rossi and Caruso, partially offset by increase in Wolford and St. John. The overall wholesale channel remained cautious due to industry headwinds yet showed interest in new collections.

The following table sets fortha breakdown of store count at the end of the six months ended June 30, 2025 and 2024:

By geography

By geographical region, thedecrease in revenues was mainly due to (i) a decrease of €20.3 million (or (26.8)%) in EMEA, (ii) a decrease of €9.5million (or (48.2)%) in Greater China, (iii) a decrease of €6.0 million (or (9.4)%) in North America, and (iv) a decreaseof €1.7 million (or (15.6)%) in other Asia.

The decrease in EMEA was dueto the decrease of Lanvin, Wolford, Sergio Rossi, and Caruso. Lanvin’s EMEA business decreased €10.9 million (or (47.2)%) year-over-yearto €12.2 million in the six months ended June 30, 2025, mainly attributed to its reduction in wholesale channels. Wolford’sEMEA business decreased €5.3 million (or (19.9)%) year-over-year to €21.2 million in the six months ended June 30, 2025,mainly attributable to the impact of shift to new logistic supplier in past fiscal year, Sergio Rossi’s EMEA business decreased €2.4 million (or (25.0)%) year-over-year to €7.2 million in the six months ended June 30, 2025, mainly attributable toits reduction in wholesale channels. Caruso’s EMEA business decreased €1.8 million (or (10.5)%) year-over-year to €15.0million in the six months ended June 30, 2025.

The decrease in NorthAmerica was mainly due to the decrease of Wolford and Lanvin, partially offset by increase in St. John. St. John’s NorthAmerica business increased €1.4 million (or 3.8%) year-over-year to €38.7 million in the six months ended June 30,2025. Wolford’s North America business decreased €4.0 million (or (31.3)%) year-over-year to €8.8 million in the sixmonths ended June 30, 2025. Lanvin’s North America business decreased €3.4 million (or (28.2)%) year-over-year to €8.6 million in the six months ended June 30, 2025.

The decrease in Greater China was mainly due to market headwinds amid geopoliticaluncertainties and strategic refocusing. In the six months ended June 30, 2025, Lanvin decreased by (60.3)% to €3.8 million,St. John decreased by (70.9)% to €0.7 million, Sergio Rossi’s revenue decreased by (34.5)% to €2.7 million and Wolforddecreased by (13.6)% to €2.8 million.

The decrease in other Asia was mainly due to the decrease of Sergio Rossi and Caruso. Sergio Rossi’s otherAsia business decreased €1.0 million (or (16.3)%) year-over-year to €5.4 million in the six months ended June 30, 2025due to creative transition, Caruso’s other Asia businessdecreased €0.5 million (or 52.5%) year-over-year to €0.4 million in the six months ended June 30, 2025, which was mainlyimpacted by market headwinds.

The decrease across all regionswas primarily attributed to a global softening in demand for luxury fashion goods.

Cost of sales

Cost of sales includes theraw material cost, production labor, assembly overhead including depreciation expense, procurement of the merchandise, and inventory valuationadjustments. In addition, cost of sales also includes customs duties, product packaging cost, royalty cost associated with sales of licensedproducts, and freight charges.

The following table sets fortha breakdown of cost of sales by nature for the six months ended June 30, 2025 and 2024.

The following table sets fortha breakdown of cost of sales by portfolio brand for the six months ended June 30, 2025 and 2024.

Cost of sales for the sixmonths ended June 30, 2025 amounted to €61.5 million, a decrease of €11.1 million or 15.3%, compared to €72.6 millionin the same period in 2024.

By segment, the decrease incost of sales was mainly related to the decrease in sales for Lanvin, Caruso, Wolford and Sergio Rossi.

Cost of sales as apercentage of revenues increased to 46.1% for the six months ended June 30, 2025 as compared with 42.5% in the same period in2024. Such increase was primarily due to the gross margin decrease in Lanvin, Wolford and Sergio Rossi for decrease in levels ofprior-season inventory, product mix impact and under utilization of capacity.

Gross profit

The following table sets fortha breakdown of gross profit by portfolio brand for the six months ended June 30, 2025 and 2024.

Gross profit for the six monthsended June 30, 2025 amounted to €71.9 million, a decrease of €26.5 million or (26.9)%, compared to €98.4 million inthe same period in 2024.

The decrease in grossprofit was mainly related to the decrease in revenue. Gross profit margin declined to 53.9% for the six months ended June 30,2025 from 57.5% in the same period in 2024, which was mainly due to sell-through of prior-season inventory, temporary product mixchange and under utilization of capacity. Gross profit margin is expected to recover as volumes rise and production efficiencyimproves.

Marketing and selling expenses

Marketing and selling expensesinclude store employee compensation, occupancy costs, depreciation, supply costs for store equipment, wholesale and retail account administrationcompensation globally, as well as depreciation and amortization which includes depreciation of right-of-use assets under IFRS 16. Theseexpenses are affected by the number of stores that are open during any fiscal period and store performance, as compensation and rentexpenses can vary with sales. Marketing and selling expenses also include advertising and marketing expenses, which consist of mediaspace and production costs, advertising agency fees, public relations and market research expenses. In addition, marketing and sellingexpenses include distribution and customer service expenses which consist of warehousing, order fulfillment, shipping and handling, customerservice, employee compensation and bag repair costs.

The following table sets fortha breakdown of marketing and selling expenses by portfolio brand for the six months ended June 30, 2025 and 2024.

Marketing and selling expenses for the six months ended June 30, 2025 amounted to €87.1 million, a decrease of €18.5 million (or (17.5)%), compared to €105.6 million in the same period in 2024 mainly due to store network rationalizationand reallocation of marketing investment to improve ROI.

By segment, the decrease inmarketing and selling expenses was mainly related to (i) a decrease of €9.9 million (or (26.4)%) from Lanvin, (ii) a decreaseof €6.9 million (or (19.8)%) from Wolford, (iii) a decrease of €1.7 million (or (18.3)%) from Sergio Rossi.

Marketing and selling expensesincreased as a percentage of revenue due to expense deleverage on lower revenue.

Contribution profit/(loss)

Contribution profit/loss isdefined as net revenues less the cost of sales and selling and marketing expenses, which constitutes the majority of our variable costs.Contribution profit is a non-IFRS financial measure. See “—Non-IFRS Financial Measures.”

Our consolidated contributionloss increased by €8.0 million (or (110.6)%) to €15.2 million loss for the six months ended June 30, 2025 from €7.2million loss in the same period in 2024. The increase was mainly related to (i) an increase of €2.9 million from Lanvin, (ii) anincrease of €2.2 million from Sergio Rossi, (iii) an increase of €1.4 million from Wolford, (iv) an increase of €0.8million from Caruso.

General and administrative expenses

General and administrativeexpenses include administrative and management staff costs, product creation and sample costs, rent, depreciation, and amortization expensesfor our administrative staff, as well as IT system development and maintenance expenses.

General and administrativeexpenses decreased to €56.8 million or by (2.3)% for the six months ended June 30, 2025, from €58.1 million in the sameperiod in 2024. General and administrative expenses increased as a percentage of revenues to 42.5% for the six months ended June 30,2025 from 34.0% in the same period in 2024, due to negative expense leverage on lower revenue.

Going forward, we expect generaland administrative expenses to decline as a percentage of revenue as we scale and further improve our operational efficiency.

Other operating income and expenses

Other operating income andexpenses include foreign exchange gains or losses and impairment losses.

Other operating income andexpenses decreased to €8.8 million loss for the six months ended June 30, 2025 from €5.5 million gain in the same periodin 2024, mainly due to foreign exchange loss compared to gain in the same period in 2024.

Loss from operations before non-underlying items

Loss from operationsbefore non-underlying items for the six months ended June 30, 2025 increased by €20.9 million (or 35.0%) to €80.7million, compared to €59.8 million in the same period in 2024. The increase in loss from operations before non-underlying itemswas mainly due to decrease in gross profit and other operating income and expenses, partially offset by decrease in marketing andselling expenses.

Adjusted EBITDA

Adjusted EBITDA, which isa non-IFRS financial measure, for the six months ended June 30, 2025 decreased to €(51.9) million from €(42.1) millionin the same period in 2024. This decrease was mainly due to the decrease in gross profit, partially offset by decrease in marketing andselling expenses. Adjusted EBITDA as a percentage of total revenues decreased to (38.9)% in the six months ended June 30, 2025 from(24.6)% in the same period in 2024. See “—Non-IFRS Financial Measures.”

Non-underlying items

Non-underlying items comprisenet gains on disposals, negative goodwill from acquisition of a subsidiary, gain on debt restructuring, government grants and others.

The non-underlying items were €6.5 million gain, or 4.9% of revenues for the six months ended June 30, 2025, compared to €3.1 million gain or 1.8% ofrevenues in the same period in 2024. The increase in the non-underlying items by €3.4 million was mainly due to government grants.

Operating loss

Operating loss for the sixmonths ended June 30, 2025 amounted to €74.2 million, an increase of €17.5 million or 30.9%, compared to €56.7 millionin the same period in 2024. The increase in operating loss resulted from an increase in loss from operations before non-underlying itemsand was partially offset by an increase in non-underlying items.

Finance cost—(net)

Finance costs (net) primarilyinclude income and expenses relating to our interest income and expenses on financial assets and liabilities, including interest expenseresulting from IFRS 16 lease liability.

Finance costs for the sixmonths ended June 30, 2025 amounted to €12.8 million, a decrease of €0.4 million or (2.9)%, compared to finance costs of €13.2 million in the same period in 2024, primarily attributable to an increase of interest expenses on borrowings netted off byforeign exchange gain.

Loss before income tax

Loss before income tax forthe six months ended June 30, 2025 amounted to €87.0 million, an increase of €17.1 million or 24.5%, compared to €69.9million in the same period in 2024.

Income tax benefits / (expenses)

Income taxes include the currenttaxes on the results of our operations and any changes in deferred income taxes.

Income tax benefits forthe six months ended June 30, 2025 amounted to €0.2 million gains, decreased by €0.3 million, compared to €0.5million gain in the same period in 2024. The decrease was primarily due to the movement in deferred income tax gains/losses.

Loss for the period

Loss for the six months endedJune 30, 2025 amounted to €86.8 million, an increase of €17.4 million or 25.1%, compared to €69.4 million in the sameperiod in 2024.

Results by Segment

Six months ended June 30, 2025 compared with six monthsended June 30, 2024

The following is a discussionof revenues, gross profit and contribution profit for each segment for the six months ended June 30, 2025 as compared to the sixmonths ended June 30, 2024.

Lanvin Segment

The following table sets forthrevenues and gross profit for the Lanvin segment for the six months ended June 30, 2025 and 2024:

Revenues

Revenues for the six monthsended June 30, 2025 was €27.9 million, a decrease of €20.3 million or (42.1)% compared to €48.3 million in the sameperiod in 2024.

The decrease is attributableto global market softness and the brand’s creative transition during the period.

DTC revenues decreased by34.2% from €24.1 million for the six months ended June 30, 2024, to €15.8 million for the six months ended June 30,2025. The drop in DTC channels was mainly due to retail network optimization in Greater China and lower sales from softer market in EMEAand North America. Greater China DTC revenues decreased by €5.5 million (or (62.4)% year-over-year) to €3.3 million in the sixmonths ended June 30, 2025. EMEA DTC revenues decreased by €1.1 million (or (16.3)% year-over-year) to €5.6 million inthe six months ended June 30, 2025. North America DTC revenues decreased by €1.7 million (or (20.2)% year-over-year) to €6.6million in the six months ended June 30, 2025.

Wholesale revenuesdecreased by €10.9 million from €17.6 million for the six months ended June 30, 2024, to €6.7 million for the sixmonths ended June 30, 2025, mainly due to the softness in the global luxury market as well as the brand’s creativetransition -debut collections from the new artistic director will be delivered to wholesale partners in second half of 2025. Thewholesale revenues as percentage of Lanvin’s total revenues decreased from 36.5% for the six months ended June 30, 2024to 24.1% for the six months ended June 30, 2025.

Gross profit

Gross profit for the six monthsended June 30, 2025 decreased to €15.2 million, a decrease of €12.8 million or (45.8)% compared to €28.0 million inthe same period in 2024, primarily attributable to the decrease in revenue. Gross margin decreased to 54.4% in the six months ended June 30,2025 compared to 58.0% in the same period in 2024, primarily due to the decrease in level of obsolete inventory and product mix.

Contribution profit/(loss)

Contribution loss for thesix months ended June 30, 2025 was €12.3 million, an increase of €2.9 million from the €9.4 million loss in the sameperiod in 2024.

The increase in contributionloss was mainly due to the loss in gross profit and partially offset by savings in expenses.

Wolford Segment

The following table sets forthrevenues and gross profit for the Wolford segment for the six months ended June 30, 2025 and 2024:

Revenues

Revenues for the six monthsended June 30, 2025 decreased to €33.0 million, a decrease of €9.6 million or (22.6)% compared to €42.6 million forthe six months ended June 30, 2024, mainly due to decrease in DTC channel by €11.9 million or (35.1)%, partially offset by higherwholesale revenue of €1.2 million or 14.1% and revenue in other channel of €1.0 million. The decrease in DTC channel was mainlyreflects the residual impact from logistics transition last year.

Gross profit

Gross profit decreased by €8.3 million to €18.5 million for the six months ended June 30, 2025, compared to €26.8 million in the same periodin 2024. Gross profit margin decreased to 56.1% for the six months ended June 30, 2025 from 62.9% in the same period in 2024.

The decrease in gross profitmargin was primarily attributable to the residual impact from changing third party logistic suppliers and underutilization of capacity.Gross profit margin is expected to increase for scale and improvement in productivity.

Contribution profit/(loss)

Contribution loss for thesix months ended June 30, 2025 was €9.5 million (or (28.8)% of revenue), compared to a loss of €8.1 million (or (19.1)%of revenue) in the same period in 2024, driven by the decrease in revenue and expense deleverage on lower revenues. Marketing and sellingexpenses declined to €28.0 million for the six months ended June 30, 2025 from €34.9 million in the same period in 2024.

St. John Segment

The following table sets forthrevenues and gross profit for the St. John segment for the six months ended June 30, 2025 and 2024:

Revenues

Revenues for the six monthsended June 30, 2025 amounted to €39.7 million, a decrease of €0.3 million compared to €40.0 million in the same periodin 2024.

Excluding foreign exchangeimpact, St. John’s revenue slightly increased year-over-year attributed to strong resilience in North American market and successfuldevelopment of key wholesale partnerships.

Gross profit

Gross profit for the sixmonths ended June 30, 2025 was €27.3 million, a decrease of €0.4 million compared to €27.7 million in the sameperiod in 2024. Gross profit margin kept stable at 68.7% in the six months ended June 30, 2025, compared to 69.3% in the sameperiod in 2024.

Contribution profit

Contribution profit for thesix months ended June 30, 2025 was €4.5 million (or 11.3% of revenue), kept stable as compared to €4.7 million (or 11.7%of revenue) in the same period in 2024.

Sergio Rossi Segment

The following table sets forthrevenues and gross profit for the Sergio Rossi segment for the six months ended June 30, 2025 and 2024:

Revenues

Revenues for the six monthsended June 30, 2025 amounted to €15.3 million, a decrease of €5.1 million compared to €20.4 million in the same periodin 2024. The decrease was primarily due to market headwinds and market's hesitation over previous season while awaiting new creative director'sdebut.

Revenues through our DTC channelsdecreased by 21.3% from €14.0 million for the six months ended June 30, 2024, to €11.0 million for the six months endedJune 30, 2025. The decrease in DTC channels was mainly attributable to softening demand and optimizing retail network in APAC.

Wholesale revenues decreasedby 33.0% from €6.4 million for the six months ended June 30, 2024, to €4.3 million for the six months ended June 30,2025, mainly due to market headwinds and creative transition.

Gross profit

Gross profit for the six monthsended June 30, 2025 was €6.3 million, a decrease of €4.0 million compared to €10.2 million in the same period in 2024.Gross profit margin decreased to 40.8% in the six months ended June 30, 2025, compared to 50.1% in the same period in 2024. The decreasein gross profit margin was primarily due to product mix change.

Contribution profit/(loss)

Contribution loss for thesix months ended June 30, 2025 was €1.5 million (or (9.8)% of revenue), compared to a contribution profit of €0.7 million(or 3.6% of revenue) in the same period in 2024, caused by decrease in revenue. Marketing and selling expenses decreased to €7.8million in the six months ended June 30, 2025 from €9.5 million in the same period in 2024, which was due to disciplined costcontrol measures.

Caruso Segment

The following table sets forthrevenues and gross profit for the Caruso segment for the six months ended June 30, 2025 and 2024:

Revenues

Revenues for the six monthsended June 30, 2025 was €17.6 million, a decrease of €2.1 million or (10.7)% compared to €19.7 million in the sameperiod in 2024.

Gross profit

Gross profit for the six monthsended June 30, 2025 was €5.1 million, a decrease of €0.6 million compared to €5.7 million in the same period in 2024.Gross profit margin was 28.8% for the six months ended June 30, 2025 kept stable as compared with 29.0% for the six months endedJune 30, 2024.

Contribution profit

Contribution profit for thesix months ended June 30, 2025 was €4.0 million (or 22.5% of revenue), compared to €4.8 million (or 24.3% of revenue) inthe same period in 2024. The decrease in contribution profit was due to decrease in revenue.

Liquidity and Capital Resources

Overview

We and our portfoliobrands’ principal sources of liquidity have been through issuance of shares, loans from our shareholder Fosun InternationalLimited (including its subsidiaries and joint ventures), and bank borrowings. As of June 30, 2025, we had cash and cashequivalents of €29.7 million.

Additionally, we have reliedon liquidity provided by revenues generated from our operating activities. We require liquidity in order to meet our obligations and fundour business. Short-term liquidity is required to fund ongoing cash requirements, including to purchase inventory and to fund costs forservices and other expenses. In addition to our general working capital and operational needs, our main use of cash is now focused onmaintaining and optimizing existing store operations, investing in digital transformation initiatives, and enhancing our supply chaincapabilities.

Cash flows

Six months ended June 30, 2025 comparedto the six months ended June 30, 2024

The following table summarizesthe cash flows provided by/used in operating, investing and financing activities for each of the six months ended June 30, 2025 and2024. Refer to the consolidated cash flows statement and accompanying notes included elsewhere in this Semi-Annual Report for additionalinformation.

Net cash used in operating activities

Net cash used in operatingactivities changed from €(33.5) million for the six months ended June 30, 2024 to €(69.5) million for the six months endedJune 30, 2025. The change was primarily attributable to (i) a decrease in trade payables, and (ii) the loss in the period.

Net cash generated from / (used in) investingactivities

Net cash generated from investingactivities changed from €(3.8) million net cash used for the six months ended June 30, 2024 to €1.9 million cash generatedfor the six months ended June 30, 2025. The change was primarily attributable to (i) a decrease in CAPEX investments and (ii) anincrease in proceeds from disposal of assets.

Net cash generated from financing activities

Net cash flows generated from financing activities changed from €26.6million for the six months ended June 30, 2024 to €80.3 million for the six months ended June 30, 2025. The change wasprimarily attributable to (i) an increase in proceeds from borrowings, and (ii) an increase in proceeds from financing of intangibleassets, and partially offset by (iii) repayment of borrowings and (iv) repayment of leased liabilities.

Borrowings

We enter into and manage debtfacilities centrally in order to satisfy the short and medium-term needs of each of our subsidiaries based on criteria of efficiency andcost-effectiveness.

Our portfolio brands havehistorically entered into and maintained with a diversified pool of lenders a total amount of committed credit lines that is consideredconsistent with their needs and suitable to ensure at any time the liquidity needed to satisfy and comply with all of their financialcommitments, as well as guaranteeing an adequate level of operational flexibility for any expansion programs.

We are subject to certaincovenants, including financial and otherwise, under our financing agreements. As of June 30, 2025, we were in material compliancewith all covenants.

Off-Balance Sheet Arrangements

We did not have during theperiods presented, and we do not currently have, any off-balance sheet financing arrangements or any relationships with unconsolidatedentities or financial partnerships, including entities sometimes referred to as structured finance or special purpose entities, that wereestablished for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes.

Recent Developments

Meritz private placement and loan

On June 27, 2025,we consummated the following transactions pursuant to a share buyback agreement with Meritz Securities Co. Ltd.(“Meritz”) dated June 27, 2025: (i) Meritz sold and surrendered, and we repurchased from Meritz 13,804,733Ordinary Shares for a price equal to €48.1 million and (ii) we issued to Meritz a fixed rate 11.40% secured loan note for aprincipal amount equal to the Repurchase Price (the “Loan”). Pursuant to the loan note, we agreed to repay the loan intwo installments by repaying (i) €8.5 million on June 30, 2025, which has been settled and (ii) all outstandingamounts of the loan on December 14, 2026.

Shareholder loans

We received certainunsecured shareholder loans for working capital purposes from our shareholder Fosun International Limited and its subsidiaries,being FPI (US) 1 LLC, Shanghai Fosun High Technology (Group) Co., Ltd. and Shanghai Fosun High Technology Group FinanceCo., Ltd. Most of such shareholder loans have interest rates ranging from 7.5% to 10% per annum. For the six months endedJune 30, 2025, we received proceeds of shareholder loans €87.0 million from Fosun International Limited and itssubsidiaries and repaid €9.6 million to Fosun International Limited and its subsidiaries. As of June 30, 2025, we hadamounts due to Fosun International Limited and its subsidiaries (excluding accrued interest) of €221.1 million.

Non-IFRS Financial Measures

Our management monitors andevaluates operating and financial performance using several non-IFRS financial measures including: contribution profit, contribution profitmargin, adjusted earnings before interest and taxes (“Adjusted EBIT”), adjusted earnings before interest, taxes, depreciationand amortization (“Adjusted EBITDA”). Our management believes that these non-IFRS financial measures provide useful and relevantinformation regarding our performance and improve their ability to assess financial performance and financial position. They also providecomparable measures that facilitate management’s ability to identify operational trends, as well as make decisions regarding futurespending, resource allocations and other operational decisions. While similar measures are widely used in the industry in which we operate,the financial measures that we use may not be comparable to other similarly named measures used by other companies nor are they intendedto be substitutes for measures of financial performance or financial position as prepared in accordance with IFRS.

Contribution profit and contribution profit margin

Contribution profit is definedas revenues less the cost of sales and selling and marketing expenses. Contribution profit margin is defined as contribution profit dividedby revenue.

Contribution profit subtractsthe main variable expenses of selling and marketing expenses from gross profit, and our management believes this measure is an importantindicator of profitability at the marginal level.

Below contribution profit,the main expenses are general administrative expenses and other operating expenses (which include foreign exchange gains or losses andimpairment losses).

As we continue to improvethe management of our portfolio brands, we believe we can achieve greater economy of scale across the different brands by maintainingthe fixed expenses at a lower level as a proportion of revenue. We therefore use contribution profit margin as a key indicator of profitabilityat the group level as well as the portfolio brand level.

The table below reconcilesrevenues to contribution profit for the periods indicated.

Adjusted EBIT

Adjusted EBIT is defined asprofit or loss before income taxes, net finance cost, share based compensation, adjusted for income and costs which are significant innature and that management considers not reflective of underlying operational activities, mainly including net gains on disposal of long-termassets and government grants.

The table below reconcilesloss for the year to adjusted EBIT for the periods indicated.

Adjusted EBITDA is definedas profit or loss before income taxes, net finance cost, exchange gains/(losses), depreciation, amortization, share based compensationand provisions and impairment losses adjusted for income and costs which are significant in nature and that management considers not reflectiveof underlying operational activities, mainly including net gains on disposal of long-term assets and government grants.

The table below reconcilesloss for the year to adjusted EBITDA for the periods indicated.

Lanvin Group Holdings Limited

Interim condensed consolidated statements ofprofit or loss

For the six months ended June 30, 2025and 2024

(Unaudited)

The accompanying notes are an integral part ofthese Interim Condensed Consolidated Financial Statements.

Lanvin Group Holdings Limited

Interim condensed consolidated statements ofcomprehensive loss

For the six months ended June 30, 2025and 2024

(Unaudited)

The accompanying notes are an integral part ofthese Interim Condensed Consolidated Financial Statements.

Lanvin Group Holdings Limited

Interim condensed consolidated statements offinancial position

At June 30, 2025 and December 31,2024

(Unaudited)

The accompanying notes are an integral part ofthese Interim Condensed Consolidated Financial Statements.

Lanvin Group Holdings Limited

Interim condensed consolidated statements ofcash flows

For the six months ended June 30, 2025and 2024

(Unaudited)

Theaccompanying notes are an integral part of these Interim Condensed Consolidated Financial Statements.

Lanvin Group Holdings Limited

Interim condensed consolidated statements ofchanges in equity

For the six months ended June 30, 2025and 2024

(Unaudited)

Theaccompanying notes are an integral part of these Interim Condensed Consolidated Financial Statements.

Lanvin Group Holdings Limited

Notes to the Interim Condensed ConsolidatedFinancial Statements

At and for the six months ended June 30,2025 and 2024

(Unaudited)

Lanvin Group Holdings Limited (formerly knownas Fosun Fashion Group Limited, and hereinafter referred to as “LGHL” or the “Company” and together with its consolidatedsubsidiaries, or any one or more of them, as the context may require, the “Lanvin Group” or the “Group”) is theholding company of the Lanvin Group and domiciled in Cayman Islands, the incorporation number of the Company is 382280 and the registeredoffice is at PO Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands.

The Group is the leading global luxury fashiongroup, managing iconic brands worldwide including French couture house Lanvin, Italian luxury shoemaker Sergio Rossi, Austrian skinwearspecialist Wolford, American womenswear brand St. John, and high-end Italian menswear maker Caruso. The Group’s brand portfoliocovers a wide variety of fashion categories and leverages a combination of e-commerce, offline retail and wholesale channels, providingboth growth opportunities as well as stability and resilience throughout the fashion cycle.

Statement of compliance with IFRS

These unaudited interim condensed consolidatedfinancial statements of the Group (the “Interim Condensed Consolidated Financial Statements”) have been prepared in compliancewith IAS 34 - Interim Financial Reporting (“IAS 34”). The Interim Condensed Consolidated Financial Statements should be readin conjunction with the Group’s consolidated financial statements at and for the year ended December 31, 2024 (the “Annual Consolidated Financial Statements”), which have been prepared in compliance with the International Financial Reporting Standards(“IFRS”) as issued by the International Accounting Standards Board (“IASB”). The accounting policies adopted areconsistent with those applied in the Consolidated Financial Statements, except for the adoption of new and amended standards as disclosedin Note 3.

Contents and structure of the Interim CondensedConsolidated Financial Statements

The Interim Condensed Consolidated Financial Statementsinclude the interim condensed consolidated statements of profit or loss, interim condensed consolidated statements of comprehensive loss,interim condensed consolidated statements of financial position, interim condensed consolidated statements of cash flows, interim condensedconsolidated statements of changes in equity and the accompanying notes.

The Interim Condensed Consolidated Financial Statementsare presented in Euro, which is the functional and presentation currency of the Company, and amounts are stated in thousands of Euros,unless otherwise indicated.

Going concern

Forthe six months ended June 30, 2025, the Group has incurred operating losses of €74.19 million,and net losses of €86.78 million. The Group had net liabilities of €107.82 million, net current liabilities of €310.57 million and an accumulated losses of €810.34million as of June 30, 2025.

Management closely monitors the Group’sfinancial performance and liquidity position. Historically, the Group has been able to obtain debt and equity financing. The Group hasfunded operations primarily with issuances of preferred shares, long-term debt and net proceeds from revenues.

TheInterim Condensed Consolidated Financial Statements have been prepared on a going concern basis because one of the Company's shareholders,Fosun International Limited, has committed to continue to provide adequate support for the Company to meet its obligations as they becomedue for at least 36 months from December 31, 2024.

Use of estimates

The preparation of the Interim Condensed ConsolidatedFinancial Statements requires management to make estimates and assumptions that affect the reported amounts of revenues, expenses, assetsand liabilities as well as the disclosure of contingent liabilities. If in the future such estimates and assumptions, which are basedon management’s best judgment at the date of these Interim Condensed Consolidated Financial Statements, deviate from the actualcircumstances, the original estimates and assumptions will be modified as appropriate in the period in which the circumstances change.Reference should be made to the section “Use of estimates” in the Consolidated Financial Statements for a detailed descriptionof the more significant valuation procedures used by the Group in preparing its consolidated financial statements. Moreover, in accordancewith IAS 34, certain valuation procedures, in particular those of a more complex nature regarding matters such as any impairment of non-currentassets, are only carried out in full during the preparation of the annual consolidated financial statements, other than in the event thatthere are indications of impairment, in which case an immediate assessment is performed. Similarly, the actuarial valuations that arerequired for the determination of employee benefit provisions are also usually carried out during the preparation of the annual consolidatedfinancial statements, except in the event of significant market fluctuations, or significant plan amendments, curtailments or settlements.

Changes in accounting policies

New Standards and Amendments issued by theIASB and applicable to the Group from January 1, 2025

There are no accounting pronouncements which havebecome effective from 1 January 2025 that have a significant impact on the Interim Condensed Consolidated Financial Statements. Theaccounting policies applied in these Interim Condensed Consolidated Financial Statements are the same as those applied in the Group’sAnnual Consolidated Financial Statements as at and for the year ended December 31, 2024.

New standards, amendments and interpretationsnot yet effective

At the date of authorization of these InterimCondensed Consolidated Financial Statements, a new, but not yet effective, amendment to existing Standard, has been published by the IASB.No amendment has been adopted early by the Group. The management had not yet completed the analysis necessary to assess the impacts ofthe new standards and the interpretations not yet applicable to the Group.

The following tables summarize selected financialinformation by segment for the six months ended June 30, 2025 and 2024:

 

		For the six months ended June 30, 2025
(Euro thousands)		Lanvin				Wolford				Caruso				St. John				Sergio Rossi				Other and holding companies				Eliminations and Unallocated				Group Consolidated
Segment results
Sales outside the Group			27,932				32,985				17,627				39,654				14,961				236				-				133,395
Intra-Group sales			-				-				-				-				353				3,151				(3,504	)			-
Total revenue			27,932				32,985				17,627				39,654				15,314				3,387				(3,504	)			133,395
Cost of sales			(12,750	)			(14,481	)			(12,545	)			(12,403	)			(9,059	)			(353	)			101				(61,490	)
Gross profit			15,182				18,504				5,082				27,251				6,255				3,034				(3,403	)			71,905
Other segment information
Depreciation and amortization			8,137				5,115				609				5,337				2,080				33				-				21,311
Of which: Right-of-use assets			5,919				4,058				357				4,305				1,076				-				-				15,715
Other			2,218				1,057				252				1,032				1,004				33				-				5,596
Provisions and impairment losses			(1,827	)			1,045				(67	)			755				(2,955	)			-				-				(3,049	)