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smcp news and archive

Management

SMCP says COVID-19 outbreak expected to impact Q1 sales

Consolidated sales at SMCP, parent company of Sandro, Maje and Claudie Pierlot, reached 1,131.9 million euros (1,223 million dollars), up 8.7 percent at constant currency, mainly driven by an international sales growth of 14.2 percent with mainland China registering more than 30 percent rise at constant currency. The company said in a statement...

Mar 25, 2020

Report

SMCP to take sales and profit hit in China due to coronavirus outbreak

SMCP, parent company of Sadro, Maje, Claudie Pierlot has announced that the outbreak of Covid-19 in China is having a material negative effect on Chinese consumption and in this context, the company’s sales and profitability are significantly impacted in the country, a key market for the group and to a lesser extent in the other regions, due to...

Feb 26, 2020

Management

SMCP posts sales growth, confirms outlook

In 2019, consolidated sales at SMCP, parent company of the Sandro, Maje and Claudie Pierlot brands, reached 1,131.9 million euros (1,245.7 million dollars), up 8.7 percent at constant currency and scope. The company said, reported sales were up 11.3 percent, including a positive currency impact of 1.3 percent and De Fursac’s contribution of 1.2...

Jan 29, 2020

Report

SMCP adjusts outlook amid sharp market decline in Hong Kong

SMCP, parent company of brands Sandro, Maje, Claudie Pierlot and De Fursac has announced an adjustment to its adjusted Ebitda margin objective for 2019 mainly due to the sharp market deterioration in Hong Kong triggered by a significant drop in traffic and temporary store closures over the past few weeks. The company said in a statement that...

Dec 9, 2019

Management

SMCP continues positive sales momentum in Q3

In the third quarter of 2019, consolidated sales at SMCP, parent company of the Sandro, Maje and Claudie Pierlot brands, reached 274.5 million euros (305 million dollars), up 9 percent at constant currency, while the company said, reported sales stood at 10.8 percent, including a positive currency impact of 1.1 percent and the 0.7 percent...

Oct 30, 2019

Report

SMCP appoints Elina Kousourna as CEO of De Fursac

Following the acquisition in September of French luxury menswear label De Fursac, SMCP has announced the appointment of Elina Kousourna as De Fursac’s Chief Executive Officer with effect from November 19, 2019. The company said, she will take over from Edmond Cohen, who will become President of the supervisory board of De Fursac, while Alix Le...

Oct 24, 2019

Retail

Sandro opens first U.S. flagship store in New York

French fashion brand Sandro has opened its first flagship store in the United States in the SoHo neighborhood of New York City. The location is centered on craftsmanship, which reflects the history and evolution of the brand. According to an announcement from the brand, this location will carry an exclusive selection of menswear and womenswear...

Sep 16, 2019

Management

SMCP's H1 turnover increases, confirms outlook

SMCP, the parent company behind French fashion labels Sandro, Maje and Claudie Pierlot posted net income of 20 million euros (22 million dollars) in the first half of 2019 against 27.4 million euros in H1 2018. Excluding one-off costs related to the refinancing, the company said, net income group share was almost stable at 27.8 million euros....

Sep 6, 2019

Report

SMCP appoints Nathalie Malavoy as HR and Sustainability Director

SMCP, parent company of the Sandro, Maje and Claudie Pierlot brands, has announced the appointment of Nathalie Malavoy as the group's Human Resources and Sustainability Director, also joining its executive committee. She replaces Jean-Baptiste Dacquin, who was recently appointed Chief Executing Officer of the Claudie Pierlot brand. The company...

Aug 2, 2019

Management

SMCP Q2 sales increase, confirms full year outlook

In the second quarter of 2019, SMCP, the parent company of Sandro, Maje and Claudie Pierlot said consolidated sales reached 265.7 million euros (295.7 million dollars), up 8.9 percent at constant currency, while the company said, reported sales stood at 10.1 percent, including a positive currency impact of 1.2pts. For the full year, the group is...

Jul 25, 2019

Retail

Sandro partners up with Farfetch

French group SMCP has signed a deal to sell products from its brand Sandro Paris at Farfetch. “With more than 13 million clients per month worldwide, Farfetch will be the ideal partner to enable Sandro to address a wider, premium customer base”, celebrated the company in a press statement. The partnership with Farfetch is the latest step in...

Jul 17, 2019

Report

SMCP to acquire men's luxury brand De Fursac

SMCP, the parent company of Sandro, Maje and Claudie Pierlot has announced that it is in exclusive negotiations to acquire De Fursac, a French leader in men’s accessible luxury. The company said in a statement that with this acquisition, SMCP would strengthen its footprint in the fast-growing menswear accessible luxury market, where it is...

Jun 25, 2019

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