SMCP news and archive

China hits SMCP as it falls into the red for H1

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...

Business

UK court halts transfer of shares at SMCP

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...

BusinessFeatured

SMCP targets returning to growth by 2026

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...

Business

SMCP 2023 sales grow but profit plummets

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...

Business

SMCP cuts Q4 outlook

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...

Business

Fursac MD departs, SMCP CEO appointed to helm

It has been confirmed that Fursac’s former managing director, Jérémie Le Febvre, has stepped down from the helm position almost one year on from his initial appointment. As such, the chief executive officer of the Italian brand’s parent company SMCP, Isabelle Guichot, is to take on the management on an interim basis, with assistance of Ilan...

BusinessFeatured

7 Lessons from SMCP’s Isabelle Guichot on successfully managing a business

At Fashion Reboot 2023, organised by the IFM, Isabelle Guichot, managing director of luxury conglomerate SMCP, which owns Sandro, Maje, Claudie Pierlot and Fursac, offered fashion professionals seven lessons on how to "manage a fashion company in times of disruption and uncertainty". Lesson no. 1: Adapt collection architecture, simplify...

Business

PETA’s 2023 Fashion Awards: From Balenciaga’s Lunaform coat to SMCP’s feather ban

It is that time of year again when the People for the Ethical Treatment of Animals (PETA) reveals the winners of its annual Fashion Awards, through which it looks to recognise “industry trailblazers making fashion kinder to animals and the planet”. This year, the award for Best Luxury Moment went to Isabel Marant after the brand confirmed that...

Business

SMCP expands into India with Reliance Brands

Luxury conglomerate SMCP has announced that it will be taking its first steps into India as a continuation of its international expansion strategy. The move comes via a partnership with Reliance Brands Limited, a luxury and premium trade firm that will become the exclusive distributor of the Sandro and Maje brands in the market. “This new...

BusinessFeatured

SMCP: Q3 sales slide as demand in Europe, Americas falters

French premium group SMCP has reported a 4.4 percent drop in sales in the third quarter as it faced a challenging trading backdrop. The group, whose portfolio comprises labels Sandro, Maje, Claudie Pierlot, and Fursac, generated sales of 294.9 million euros in Q3, down from 308.4 million euros a year earlier. Breaking it down by brand, sales at...

RetailPress Release

SMCP's sales team: A glimpse into roles and dynamics

SMCP's sales team stands as the brand's eyes and ears. Through their meticulous listening and observation, they refine the client experience. As the cornerstone of the strategy, these retail professionals form the Group's front line. As both ambassadors and experts, they echo the vision of the Artistic Directors, leading customers in exploring...

Business

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...