Under its new owner, the French label's finances at first suffered. In 2002, for example, Ms. Wang launched a new Lanvin-branded perfume. Instead of entrusting the business to a licensee, as most fashion houses do, Lanvin decided to go solo.
[…] The problem with the perfume launch was that Lanvin didn't have the know-how or a distribution network, so it ended up with millions of euros worth of unsold perfume bottles between 2002 and 2004, according to Lanvin's 2004 financial records.
— From Fashion's New Patrons Struggle for Right Fit, a fascinating article in the Wall Street Journal…