The sales of the ready-to-wear group SMCP, parent company of the brands Sandro, Maje, Claudie Pierlot and Fursac, increased by 3.4 percent year-on-year in the first quarter, to 297 million euros, progressing in all geographical areas except Asia. Isabelle Guichot, chief executive officer of the group, highlighted “a complex and volatile...
29 Apr 2025
French fashion conglomerate SMCP Group has named Kleine Tan as the new chief executive officer for its Asian business. He succeeds Jimmy Lam, who is stepping down from the role to “pursue new opportunities outside of the group”, a press release said. Tan, who took up the position from April 1, joins SMCP from LVMH, where he most recently served...
11 Apr 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...
28 Feb 2025
Paris - Around a hundred "executive and managerial executives" of SMCP (Sandro, Maje, Claudie Pierlot), including its founders Evelyne and Ilan Chétrite and Judith Milgrom, hold 10.3 percent of the capital of the textile group following a conversion of preferred shares, according to a press release on Friday. Between 2016 and 2017, the group,...
3 Jan 2025
French fashion group saw its turnover fall by 0.8 percent in the third quarter. After a dip in turnover in the previous quarters of the financial year, turnover in the third quarter remains virtually the same, according to the financial update. Turnover amounts to 292.6 million euros. The brands Maje and Sandro both show a modest plus in the...
29 Oct 2024
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...
2 Oct 2024
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...
10 Sept 2024
Textile group SMCP (Sandro, Maje, Claudie Pierlot and Fursac) posted a net loss of 27.7 million euros in the first half on Thursday, after a net profit of 14 million a year earlier, while its half-year sales fell by 4% to 585.3 million euros. The net result would have been "balanced" without 30 million euros of accounting effects, including...
26 Jul 2024
A significant development has occurred in the SMCP case, the company overseeing Sandro, Maje, Claudie Pierlot and Fursac. The British High Court has invalidated the sale of a 15.9 percent stake in the French ready-to-wear company, initially sold to Dynamic Treasure Group, an entity linked to the founder of Shandong Ruyi, the former owner of...
19 Jul 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...
26 Apr 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 the fourth quarter, in line with 2022 at constant exchange rates and down 1 percent on an...
29 Feb 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...
29 Jan 2024