Paris - Amidst an exceptional governance crisis, the Chinese shareholders of French fashion group SMCP (Sandro, Maje, Claudie Pierlot) were fined a total of 1.7 million euros by the French Financial Markets Authority (AMF), according to a statement released on Thursday, June 12, 2025. "In its decision of June 10, 2025, the Sanctions Committee...
Jun 12, 2025
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...
Feb 28, 2025
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...
Jan 16, 2025
SMCP has announced the signing of two new distribution deals in the Philippines and Indonesia, countries the company said were “key drivers of development and influence, with strong economic growth and a flourishing middle class”. SSI Group will take over the distribution of SMCP brands in the Philippines, while Map Group will oversee...
Sep 10, 2024
In a major blow for Adidas, the Court of Cassation, France's supreme court for civil and criminal cases, definitively ruled on June 26, 2024 in favour of Isabel Marant and Sandro, thus ending six years of litigation. The German sportswear manufacturer filed a lawsuit in 2018, accusing the two fashion brands of counterfeiting its famous three...
Aug 27, 2024
French brand Sandro, owned by the SMCP group, is relying on artificial intelligence (AI) to help its customers choose their ideal size. On Linkedin, Sandro announced a collaboration with Fringuant, a tool based on body scanning technology that helps you find 'the right clothing size'. The tool, powered by AI, allows online shoppers to determine...
Jul 25, 2024
SMCP, parent company of the Sandro, Maje and Claudie Pierlot and Fursac brands, reported first quarter sales at 287 million euros, down 5 percent on an organic basis. The company continued to optimise its store network with 11 net closings during the quarter, mainly in Asia to reach 1,719 points of sales worldwide. The company will close 100...
Apr 26, 2024
SMCP reported FY23 sales of 1,231 million euros, a progression of 4 percent at constant exchange rates and 3 percent on an organic basis versus 2022. The company parent to Sandro, Maje, Claudie Pierlot and Fursac, reported sales of 326 million euros, in line with 2022 at constant exchange rates and down 1 percent on an organic basis. Adjusted...
Feb 29, 2024
For the fourth quarter of 2023, SMCP expects a performance slightly below previous outlook. sales are expected to reach around 1.230 million euros, up 3.8 percent at constant FX compared to earlier outlook of mid-single digit growth. The company expects adjusted EBIT margin between 6.4 percent and 6.6 percent of sales against between 7 percent...
Jan 29, 2024
SMCP brand Sandro is consolidating its presence in the US market with the opening of a shop at the Westfield Topanga Shopping Center in Los Angeles. "As part of our efforts to strengthen our presence in North America, and following our recent openings in Georgetown (Washington D.C.) and Williamsburg (New York), we are pleased to announce the...
Dec 28, 2023
French premium group SMCP has reported a 4.4 percent drop in sales in the third quarter as it faced a challenging trading backdrop. The group, whose portfolio comprises labels Sandro, Maje, Claudie Pierlot, and Fursac, generated sales of 294.9 million euros in Q3, down from 308.4 million euros a year earlier. Breaking it down by brand, sales at...
Oct 26, 2023
Parisian fashion label Sandro has revealed a new collaboration with Wrangler, reinterpreting the American denim company’s archival models for a AW23 collection. A total of 10 pieces make up the line – including three jacket-trouser sets – each inspired by 70’s cowboy looks and drawing on Wrangler’s signature codes, such as flat rivets and flap...
Aug 29, 2023