US Stock Market Move | The company will set up its second headquarters in Europe. Lanvin Group Holdings Limited (LANV.US) is up more than 7%.

On Thursday, Lanvin Group Holdings Limited (LANV.US) rose more than 7% to $1.755. On the news front, on January 16, the board of directors of Lanvin Group Holdings Limited announced the appointment of Andy Lew, CEO of the group's brand St. John Knits, as the group's CEO. Meanwhile, Chen Jianhao will transition from CEO to group director. Andy Lew will lead the establishment of a second headquarters in Europe for the group, continuing to oversee St. John Knits, while the newly formed management committee will be responsible for the company's daily operations. In addition, the group's board of directors has increased from eight to nine members, with Liu Qiang replacing Fang Weijin and being appointed as a group director along with Chen Jianhao, effective immediately.