Siddhartha Shukla, deputy CEO of Lanvin, is stepping down from the house after more than four years, the company announced on Friday. Andy Lew, who has been appointed executive president of Lanvin’s Chinese parent company, Lanvin Group (formerly Fosun Fashion Group), as well as chairman and CEO of Lanvin in January 2025, will “continue to oversee the brand and its strategic ambitions, ensuring continuity and supporting the leadership teams,” according to a release of the Lanvin Group.
“I would like to thank Siddhartha for his contribution to Lanvin during these past four years. We wish him every success in his future professional endeavors,” Lew said in a statement.
“Guiding the brand and business of Lanvin has been one of the greatest challenges and greatest honors of my career,” Shukla said. “As I step down after four remarkable years, I do so with immense pride in what we have achieved together and with enduring confidence in the team’s ability to carry forward our convictions and our shared vision for this treasure of French fashion and culture.”
Shukla’s background includes 12 years in marketing at Kering between Gucci and Saint Laurent. He then worked for eight years at Theory, including the last two as chief brand officer. He joined Lanvin in December 2021 to lead the brand’s transformation after a few rocky years. In the few years following the ousting of star designer Alber Elbaz in 2015, the brand saw a number of creative leaders, including Bouchra Jarrar, Olivier Lapidus, and Bruno Sialelli.
Among Shukla’s achievements was resetting the brand identity, product strategy, store concept, and visual identity. He tapped Steven Meisel for a black-and-white campaign in 2022, featuring a new logo conceived by M|M Paris. And after Sialelli left in April 2023, Shukla hired Peter Copping as artistic director in June 2024, a seasoned designer known for his feminine creations, notably as creative director of Nina Ricci and Oscar de la Renta. ”As Jeanne Lanvin used to say herself, it’s a return to le chic ultime, the ultimate chic,” Shukla told Vogue Business in November 2024.
Since Copping’s arrival, the house returned to the Paris Fashion Week calendar and has seen year-on-year growth in women’s ready-to-wear, women’s shoes, and leather goods, according to sources. Under Shukla, sales went from €73 million in 2021 to approximately €120 million in 2023. But Lanvin was not immune to the market contraction. With the industry downturn, the implosion of the sneaker business (Lanvin has had a strong sneaker business with its bestselling model dubbed Curb), and the rightsizing of the store network (Lanvin closed a dozen stores, mostly in China), sales decreased to around €100 million in 2025, according to industry sources.
The Lanvin Group, which debuted on the New York Stock Exchange in December 2022, has reportedly been impacted by China’s economic downturn. In February 2026, it sold its Italian menswear brand Caruso to MondeVita Italy Srl, a subsidiary of Mondevo Group. The group still owns Austrian skinwear specialist Wolford, Italian shoemaker Sergio Rossi, and American knitwear brand St John. The group’s revenue was €133 million in the first half of 2025, down 22% versus the first half of 2024, and EBITDA losses deepened.
The announcement comes a week after the Lanvin show held during Paris Fashion Week. “Not since the days of Alber Elbaz have there been so many great dresses on the Lanvin runway,” Vogue Runway’s Sarah Mower wrote in her review.