SMCP news and archive

Fursac creative director exits after five years

Gauthier Borsarello has announced his departure from SMCP-owned Fursac, where he has been at the creative helm for five years. The designer revealed his departure on Instagram, where he said: “It has been a meaningful chapter, both creatively and professionally.” In the post, Borsarello added that time at Fursac was defined largely by the launch...

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SMCP Group announces sale of over 50 percent of capital

Fashion group SMCP (Sandro, Maje, Claudie Pierlot and Fursac) announced on Thursday the sale of shares representing up to 51.2 percent of its capital. The process is expected to take “several months” and could allow the company “to stabilise its shareholding structure”. Context This announcement follows the forced return of 15.5 percent of SMCP’...

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SMCP achieves marginal Q3 sales growth amid French and Asian challenges

Sales for the ready-to-wear group SMCP, parent company of the Sandro, Maje, Claudie Pierlot and Fursac brands, increased by 0.6 percent year-over-year in the third quarter. The company reached 295.4 million euros, with growth in all geographical areas except for France and Asia. In France, turnover reached 97 million euros in the third quarter,...

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Maje to expand Canadian presence through Holt Renfrew partnership

SMCP’s Maje is set to expand in Canada, where it is planning to open three new stores via a partnership with luxury department retailer Holt Renfrew. As reported by WWD, the French label is opening a shop-in-shop in Toronto’s Square One Mississauga mall on August 15. This will be followed by a location in downtown Calgary, Alberta, on August 22,...

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SMCP shareholder dispute resolved: 15.5 percent stake returned after legal battle

Paris, August 11, 2025 – The textile group SMCP (Sandro, Maje, Claudie Pierlot and De Fursac) can finally breathe a sigh of relief. The 15.5 percent of its capital illegally transferred in 2021 to a company based in the British Virgin Islands by its defaulting Chinese shareholder has been returned to the Luxembourg holding company that owned it....

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SMCP H1 sales increase by 2.7 percent

Sales for the prêt-à-porter group SMCP, parent company of Sandro, Maje, Claudie Pierlot and Fursac, increased by 2.7 percent in the first half of the year to 601 million euros. Growth occurred in all geographical areas except Asia. This "solid" performance, especially in the US, was "remarkable" in a market that remains "uncertain and...

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SMCP secures victory in Singapore over share dispute

A Singapore High Court has ruled for a shareholder of SMCP to return its stake in the French luxury group to its majority owners. Dynamic Treasure Group Ltd (DTG) has been ordered to return its 15.5 percent stake in SMCP to European TopSoho (ETS), which had defaulted on its bonds in 2021, passing the majority shareholding to a consortium of...

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Chinese shareholders of SMCP fined 1.7 million euros

Paris - Amidst an exceptional governance crisis, the Chinese shareholders of French fashion group SMCP (Sandro, Maje, Claudie Pierlot) were fined a total of 1.7 million euros by the French Financial Markets Authority (AMF), according to a statement released on Thursday, June 12, 2025. "In its decision of June 10, 2025, the Sanctions Committee...

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SMCP sales increase in first quarter, except in asia

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...

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SMCP appoints new CEO of Asian business

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...

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SMCP fashion group falls into the red, weighed down by China

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...

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SMCP founders and executives hold 10.3 percent of the capital after the conversion of preferred shares

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,...