SMCP Group news and archive

SMCP names new president and CEO of North America

SMCP Group, the Parisian retail group that includes Sandro, Maje, Claudie Pierlot and Fursac, has named Ida Simonsen president and chief executive of SMCP North America. Simonsen joins from Stella McCartney, where she has served as president of the Americas for over 12 years, playing a crucial role in expanding the British brand’s retail and...

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Business

SMCP sales accelerate 19 percent in the first half

In the first half of 2016, the SMCP Group posted sales of 377.2 million euros (420.2 million dollars), up 19.2 percent compared to last year. This performance, the company said, was driven by strong like-for-like growth of 9.3 percent and the continuation of the Group’s targeted international expansion. Commenting on the first half trading,...

Fashion

KKR acquisition of Sandro and Maje confirmed

Private equity firm KKR has acquired a majority stake in SMCP Group, which owns French clothing brands Sandro, Maje and Claudie Pierlot, after coming to an agreement with the company’s current shareholders, and plans to accelerate the fashion brands international expansion. As part of the definitive agreement, Kohlberg Kravis Roberts & Co will...