SMCP news and archive

Uniqlo, Inditex, SMCP and Skechers accused of profiting from the forced labour of Uighurs

On the eve of China’s 100th year anniversary celebration of its Chinese Communist Party, France launched an investigation into the “concealment of crimes against humanity” by global textile giants, including Inditex and Uniqlo, who stand accused of having profited from the forced labour of Uighurs. France’s National Anti-Terrorism Prosecutor’s...

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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...

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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...

People

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...

People

SMCP names new chief digital transformation & operations officer

French premium fashion group SMCP has named Olivier Malvezin as chief digital transformation & operations officer as the company moves “into a new chapter, in which digital and operations will have a key role”. In his new role, Malvezin will oversee digital, supply chain, IT and demand planning teams at the group level, and will join the group’s...

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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...

Business

SMCP secures 140 million euro state-guaranteed loan

French premium fashion group SMCP has announced it has obtained a state-guaranteed loan of 140 million euros to help it mitigate the financial impact of Covid-19. “The group has contracted a loan of 140 million euros, guaranteed by the French State (PGE) up to 90 percent with a one-year maturity loan and an extension option of up to five...

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SMCP Q1 sales hit by Covid-19 but China shows ‘encouraging’ signs of recovery

French premium fashion group SMCP has reported a drop in sales for the first quarter of 2020 as Covid-19 took its toll on the business, though it said it is “encouraged” by early signs of recovery in China as the country begins to reopen. Sales at the group, which owns Parisian labels Sandro, Maje, Claudie Pierlot and De Fursac, reached 228.7...

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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...

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...

Business

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....

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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...