Fashion
L Capital to sell Groupe SMCP for 600 million
After having the industry talking for weeks about a potential sale, L Capital, the investment vehicle of LVMH, has put up for sale Groupe SMCP, which owns Sandro, Maje and Claudie Pierlot. LVMH invested in the group three years ago and now has hired Rothschild and JP Morgan to sell a string of its fastest-growing fashion brands for about 600...
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