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SMCP fashion group falls into the red, weighed down by China
The fashion group SMCP (Sandro, Maje, Claudie Pierlot and Fursac) reported a net loss of more than 23 million euros in 2024 due to poor performance in the Chinese market, and despite improvement in the second half of the year. In 2023, its net profit was 11 million euros, compared to 51 million euros in 2022. In 2024, meanwhile, the group's...
BusinessMemberFeb 28, 2025
Sandro opens first store in India
Sandro is opening its first store in India. The French brand is settling in the city of Mumbai, as announced in a press release. The first Indian store paves the way for further expansion in South Asia. Sandro's first store in Mumbai mirrors the signature design of its flagship stores around the world. The 150-square-metre location will showcase...
RetailJan 16, 2025
SMCP names new president and CEO of North America
SMCP Group, the Parisian retail group that includes Sandro, Maje, Claudie Pierlot and Fursac, has named Ida Simonsen president and chief executive of SMCP North America. Simonsen joins from Stella McCartney, where she has served as president of the Americas for over 12 years, playing a crucial role in expanding the British brand’s retail and...
ManagementFeaturedMemberOct 2, 2024