Crisis deepening at loss-making French fashion house Lanvin, say sources

Paris

THE crisis facing France's oldest fashion brand Lanvin is deepening, with sales slumping, losses set to widen this year and staff worried about a strategy focused on cost cutting, sources with knowledge of the situation told Reuters.

Founded in 1889, Lanvin is one of France's last major independent fashion labels in an industry dominated by multi-brand groups such as LVMH and Kering. It has been in turmoil since the shock sacking in 2015 of star designer Alber Elbaz after a boardroom dispute. Elbaz was widely credited with infusing new life into the brand and being its driving force.