SHANGHAI, China - Lanvin Group Holdings Ltd, a renowned name in the apparel industry, announced today that it will conduct its Annual General Meeting (AGM) on December 11, 2024.
The disclosure, made through a Form 6-K filing with the United States Securities and Exchange Commission, indicates that the meeting will take place at the company's principal executive offices located in Shanghai, China.
Lanvin Group, listed under the standard industrial classification of Apparel & Other Finished Products of Fabrics & Similar Material, operates under the organization name 04 Manufacturing and is incorporated in the jurisdiction of E9 with a fiscal year-end on December 31.
The filing, dated Tuesday, November 19, 2024, included no additional details regarding the agenda or proposals to be discussed at the upcoming AGM.
However, such meetings typically involve the presentation of the company's annual report, including financial statements, and may also cover the election of board members, approval of dividends, and other corporate governance matters.
The company's Chairman, Zhen Huang, signed the report confirming the scheduling of the AGM. Investors and stakeholders are often keen on the outcomes of AGMs as they can influence the company's strategy and direction.
Lanvin Group Holdings Ltd operates from its business address at 4F, 168 Jiujiang Road, Carlowitz & Co, Huangpu District, Shanghai, and can be contacted via the business phone provided in the filing.
This announcement is based on the latest press release statement filed with the SEC and does not include any speculative content or subjective assessment of the company's market position. The focus remains on the factual information concerning the upcoming AGM as detailed in the SEC filing.
InvestingPro Insights
As Lanvin Group Holdings Ltd prepares for its Annual General Meeting on December 11, 2024, investors may benefit from additional financial insights. According to InvestingPro data, the company's market capitalization stands at $205.31 million USD, reflecting its current market valuation.
InvestingPro Tips highlight that Lanvin Group operates with a significant debt burden and may have trouble making interest payments on debt. This financial situation could be a critical point of discussion at the upcoming AGM, especially considering the company's negative operating income of -$117.57 million USD for the last twelve months as of Q2 2024.
Despite these challenges, Lanvin Group maintains impressive gross profit margins, with a gross profit of $239.81 million USD and a margin of 58.51% for the same period. This strength in margin performance might be an area of focus for management during the meeting.
It's worth noting that InvestingPro offers 17 additional tips for Lanvin Group, providing a more comprehensive analysis for investors interested in deeper insights ahead of the AGM.
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