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SMCP reports organic revenue increase of 9.4 percent

SMCP, parent company of Sadro, Maje, Claudie Pierlot and De Fursac recorded third quarter sales at 308 million euros, up 9.4 percent on an organic basis and 13.5 percent on a reported basis versus 2021. Over the first nine months, the group recorded 874 million euros of sales, up 17 percent on an organic basis and 20.5 percent on a reported...

Oct 27, 2022

ManagementFeatured

SMCP reports strong H1 sales and profit growth

SMCP, parent company of Sadro, Maje, Claudie Pierlot reported consolidated sales of 565.4 million euros, up 24.7 percent in the first half period, including an organic increase of 21.4 percent driven by like-for-like growth of 24.5 percent and a positive currency impact of 4.2 percent. The company said, SMCP recorded a sharp performance in...

Aug 2, 2022

ManagementFeatured

SMCP Q4 sales reach pre-Covid levels

Premium fashion group SMCP continues to recover from the pandemic as its fourth-quarter sales returned to 2019 levels and its full-year sales exceeded 1 billion euros. The French group, whose portfolio includes brands Sandro, Maje, Claudie Pierlot and De Fursac, reported Q4 sales of 313.5 million euros, a 22.1 percent increase from a year...

Mar 10, 2022

People

Maje names Charlotte Tasset Ferrec as chief executive

French contemporary label Maje has confirmed that Charlotte Tasset Ferrec is its new chief executive officer, effective January 4, 2022. Tasset Ferrec will succeed Isabelle Guichot, who has been appointed chief executive officer of SMCP the parent company of Sandro, Maje, Claudie Pierlot and De Fursac, in August 2021. As chief executive of Maje,...

Dec 21, 2021

Business |ANALYSIS Featured

What’s the latest on SMCP’s ownership?

The French fashion group might be experiencing a change in ownership pretty soon, after months’ worth of financial ups and downs, changes at the top, and a complex retail environment. Here’s the latest on the future of the parent group of Sandro, Maje, and Claudie Pierlot. At the beginning of October, Chinese textile and clothing manufacturer...

Oct 30, 2021

ManagementFeatured

SMCP sales near pre-Covid levels in third quarter

French premium fashion group SMCP has reported an uptick in Q3 sales compared to a year earlier as they neared pre-Covid levels. The group, whose portfolio includes brands Sandro, Maje, Claudie Pierlot and De Fursac, reported sales of 271.7 million euros in the third quarter, an 8.4 percent increase on an organic basis compared to 2020 levels,...

Oct 27, 2021

ManagementFeatured

SMCP ‘cautiously optimistic’ as sales continue to improve

French fashion group SMCP has reported soaring revenue in the second quarter of the year as it narrows in on 2019 sales levels. The group, whose portfolio includes brands Sandro, Maje, Claudie Pierlot and De Fursac, reported sales of 229.4 million euros in Q2, an increase of 59.1 percent on a reported basis and 61.1 percent on an organic basis...

Jul 27, 2021

ManagementFeatured

Lockdown measures in Europe and Canada impact SMCP's Q1 results

In the first quarter of 2021, consolidated sales at SMCP, parent company of Sandro, Maje, Claudie Pierlot and De Fursac reached 223.9 million euros, down 0.6 percent on an organic basis. The company said, reported sales were down 2.1 percent, including a negative currency impact of 1.5 percent. Over the quarter, the group generated digital sales...

Apr 27, 2021

ManagementFeatured

SMCP swings to full-year loss, remains upbeat on China recovery

French premium fashion group SMCP swung to a full-year loss in 2020 as its operations were impacted by the pandemic, but it remained upbeat on its recovery in China and strong digital sales. The group, whose portfolio includes brands Sandro, Maje, Claudie Pierlot and De Fursac, reported a net loss of 102.2 million euros for the year, compared to...

Mar 24, 2021

Report

SMCP names new group chief financial officer

French premium fashion group SMCP, whose portfolio includes brands Sandro, Maje, Claudie Pierlot and De Fursac, has announced the appointment of Patricia Huyghues Despointes as group chief financial officer. Despointes joins from luxury label Givenchy where she’s been chief financial officer since joining in 2016. Prior to that, she spent 15...

Jan 5, 2021

Management

SMCP posts sales recovery over Q2, plans to grow China business

SMCP In the third quarter of 2020, consolidated sales at SMCP, parent company of Sadro, Maje, Claudie Pierlot reached 248.4 million euros, down 10.6 percent on an organic basis. Reported sales were down 9.5 percent, including a negative currency impact of 1 percent mostly in Americas and APAC, while De Fursac’s contributed positively at 2...

Oct 28, 2020

ManagementFeatured

French fashion group SMCP swings to first-half loss

SMCP, the parent company of Parisian labels Sandro, Maje, Claudie Pierlot and De Fursac, has swung to a loss in the first half of the year due to Covid-19, but says it has implemented a number of cost-cutting measures to ride out the pandemic. The French premium fashion group reported a loss of 88.5 million euros, compared to a profit of 17.2...

Sep 4, 2020