Lanvin Group, parent company of the iconic French fashion house Lanvin and the Italian shoemaker Sergio Rossi, has made a strategic move by selling Italian menswear producer Caruso to the Abu Dhabi-based Mondevo Group.
This sale aligns with Lanvin’s strategy to concentrate on its core brands, which are consumer-facing and tend to yield higher profit margins compared to the white-label manufacturers like Caruso.
The deal’s financial terms remain undisclosed.
Caruso, employing around 450 individuals, is headquartered in Soragna, a charming town in Northern Italy close to Parma. This manufacturer is renowned for producing menswear for some of the industry’s most prestigious names. However, the brand’s revenue saw a decline of 11 percent in the first half of 2025, reaching €17.6 million, contributing to 13 percent of Lanvin group revenues.
Lanvin has faced significant challenges in light of the luxury market’s downturn, reporting a revenue drop of 22 percent in the first half of last year. Revenue for the Lanvin brand, the group’s most significant, plummeted 42 percent in the same period.
Investors from the Gulf region also have stakes in other illustrious Italian luxury labels, including Valentino and Roberto Cavalli.
