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SMCP news and archive

Olivier Germain appointed chief executive of Claudie Pierlot

SMCP, the fashion group which includes Sandro and Maje, has appointed Olivier Germain as chief executive officer of its Claudie Pierlot brand, effective immediately. Germain joins the affordable luxury label from New Guards Group, owner of Off-White, Ambush and Heron Peston, where he served as chief product officer. Prior to that, he held the...

Nov 2, 2022

Report

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 posts Q1 revenue growth, but APAC hit by Covid restrictions

Premium fashion group SMCP has reported a near 24 percent increase in Q1 sales but said APAC felt the impact of fresh Covid restrictions. The French group, which owns brands Sandro, Maje, Claudie Pierlot and De Fursac, reported sales of 283 million euros in the first quarter, an increase of 23.7 percent on an organic basis compared to a year...

Apr 26, 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

Report

SMCP appoints new chairman of the board, Christophe Cuvillier

Luxury group SMCP has announced Christophe Cuvillier has been appointed as the chairman of the board of directors. The announcement closely follows a reshuffling of the board by the company, as decided by its ordinary shareholders’ meeting on January 14. In a statement, Cuvillier said he was “grateful” for the confidence the company has in him...

Jan 18, 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

Business

TopSoho begins legal proceedings against bond holders

The owner of French fashion company SMCP said that is has started legal proceedings against companies serving bondholders that were reportedly attempting to take control of SMCP for a low price. The news was reported by Reuters. TopSoho, a European company and a unit of Shandong Ruyi, which has a 53 percent stake in SMPC, failed to meet a...

Oct 8, 2021

ManagementFeatured

SMCP taps former Balenciaga chief Isabelle Guichot as CEO

French fashion group SMCP has named Isabelle Guichot as its new CEO following the resignation of Daniel Lalonde, who has exited the business to pursue new professional opportunities outside the group. Guichot, a veteran of the luxury industry, joined SMCP as CEO of Maje in 2017, before which she spent nine years as CEO of Balenciaga. Earlier...

Aug 2, 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