SMCP news and archive

SMCP lowers annual guidance amid Europe and China slowdown

Luxury conglomerate SMCP has adjusted its 2023 annual guidance, lowering its forecasted sales growth from mid- to high- single digit to mid-single digit. Additionally, the group reported an adjusted EBIT margin, now expected to be in between 7 and 9 percent instead of its previously forecast 9.2 percent. The company, which owns the likes of...

BusinessFeatured

Strong growth in Asia and Europe boost SMCP's sales

SMCP, parent company of Sandro, Maje, Claudie Pierlot and Fursac reported sales at 610 million euros in the first half period, a progression of 8 percent on an organic basis and 9 percent at constant exchange rates. The performance was driven by both like-for-like sales increase of 5 percent and from network expansion. The company opened 23 new...

PeopleFeatured

French group SMCP names new CEO at Fursac

Premium fashion group SMCP has announced the appointment of Jérémie Le Febvre as the new chief executive officer of its Fursac brand, effective May 15. Le Febvre joins the French group from British designer label A-Cold-Wall, where he has served as CEO since November 2022. He is also the co-founder of Le Vif, a curated vintage store in Paris,...

Business

France drops fashion group probe over Uyghur labour

French magistrates have dropped a probe into allegations four fashion groups profited from forced labour of the Uyghur minority in China, prosecutors said Thursday. The national anti-terror prosecutor's office in Paris, which looks into purported crimes against humanity, said it had halted the investigation. The plaintiffs' lawyer William...

BusinessFeatured

Positive growth across markets drive Q1 sales at SMCP

French fashion group SMCP, the parent of Sadro, Maje, and Claudie Pierlo, has reported sales at 305 million euros in the first quarter, up 8 percent at constant exchange and 7 percent on an organic basis versus 2022 driven by like-for-like growth. Commenting on the results, Isabelle Guichot, CEO of SMCP, stated: “We are particularly pleased with...

Business

SMCP names Elina Kousourna CEO of Maje

Maje has welcomed Elina Kousourna as its new chief executive officer, its parent company SMCP group has announced. She will take on the position from April 17. Koursourna has been a part of the SMCP group since 2015, first joining the luxury conglomerate as a business and retail performance manager before moving on to become strategy and...

BusinessFeatured

SMCP posts record Q4 sales as FY profits more than double

Premium fashion group SMCP saw its profits more than double in its most recent full-year results following a strong fourth quarter as deep-pocketed shoppers remained resilient despite rising inflation. The French group, which owns brands Sandro, Maje, Claudie Pierlot, and Fursac, reported sales of 332 million euros in the fourth quarter, up 5.9...

Business

AlixPartners to sell 37 percent stake in SMCP

The management consulting firm AlixPartners UK announced the sale of its shares in the fashion group SMCP, parent company of the brands Sandro, Maje, Claudie Pierlot and Fursac. This stake amounts to 37 percent (28,028,163 shares) of the French group's share capital. Its a sales process that should last several months. The trustee, the financial...

Business

SMCP's ‘Retail Lab’ academy for sales advisors launches

French luxury marketplace SMCP has officially launched its SMCP Retail Lab academy, established together with EMA SUP Paris and Institut Français de la Mode (the Paris Fashion School). The school offers students a certified training course to become an experienced sales advisor, with a programme that takes place over a year in the form of...

RetailFeatured

The SMCP group creates a training course to revive the fashion sales profession

For several years now, recruiters have been struggling to find their future salespeople and managers. Professionals in the retail sector faced with this situation, are now addressing the issue. Take the SMCP group, the parent company of the ready-to-wear brands Sandro, Maje, Claudie Pierlot and Fursac, which is launching its own training course...

Fashion

SMCP to ban down and other feathers from collections

France’s SMCP is the latest big-name fashion business to confirm it will stop using down and other feathers in its products. The premium fashion group, whose portfolio includes labels Sandro, Maje, Claudie Pierlot, and Fursac, confirmed to Peta France that duck and goose feathers would be “completely removed” from its four brands by the AW23...

Business

Olivier Germain appointed chief executive of Claudie Pierlot

SMCP, the fashion group which includes Sandro and Maje, has appointed Olivier Germain as chief executive officer of its Claudie Pierlot brand, effective immediately. Germain joins the affordable luxury label from New Guards Group, owner of Off-White, Ambush and Heron Peston, where he served as chief product officer. Prior to that, he held the...