This article only represents the author's own views.
When Lanvin Group (LANV.US) announced leadership changes a week ago, shares of the New York-listed company shot up by more than 40% over the next three trading days, adding about $70 million to its market cap that climbed to $270 million.
The market seemed to applaud the news. The company said that Andy Lew, CEO of St. John Knits, one of its five portfolio brands, would take over a new role as group executive president, while Eric Chan would “transition” from his role as CEO to join the company’s board as a director. The company also announced that it would set up a second global headquarters in Europe, to be led by Lew, complementing its Shanghai base.
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