Translated by Nicola Mira Published Apr 25, 2024 The SMCP group has announced in its new strategic plan that it wants its international business to take advantage of prevailing global market trends. The group that owns Sandro, Maje, Claudie Pierlot and Fursac will soon open in India, in partnership with local giant Reliance Brands. One … Read more
Matches has laid off almost half its staff — 273 people — as it trades through administration while a buyer is sought by insolvency specialist Teneo. The company had employed 533 people in its three London stores and at its HQ from where it sells to consumers in 170 countries. Matches Benji Dymant, joint administrator, … Read more
Translated by Roberta HERRERA Published Mar 10, 2024 SMCP, the French luxury conglomerate renowned for its accessible luxury, experienced a mixed year in 2023. On one hand, the group witnessed a sales uptick in reported figures, surpassing 2% to reach €1.23 billion. Notable achievements include Sandro’s 3% growth, crossing the €600 million revenue mark, and … Read more
SMCP’s full-year results Wednesday saw it confirming that sales rose 4% at constant exchange rates (3% on an organic basis) to reach €1.231 billion. But net profits still plummeted and the company is intensifying its efforts to boost its brands and control costs. Sandro The company said the average in-season discount rate had stayed “nearly … Read more
SMCP has issued a brief Q4 update and sales that its “sales remained stable compared to 2022 at constant exchange rates, despite a macroeconomic context that continued to deteriorate”. Sandro Even though the owner of Sandro, Maje, Claudie Pierlot and Fursac saw “heightened geopolitical tensions, weak household consumption and persistent inflation, the good resilience of … Read more
Translated by Nicola Mira Published Jan 10, 2024 Experienced Capital has added a new member to its top management team. The French investment fund, founded in 2016 by three former senior executives of the SMCP group, and an investor in premium fashion brands like Balibaris, Le Slip Français, Figaret and Sessun, has appointed its investment … Read more
Translated by Nicola Mira Published Dec 22, 2023 Animal rights association People for the Ethical Treatment of Animals (PETA) has announced the 2023 winners of its eagerly awaited Vegan Fashion Awards. A Balenciaga look from the Spring/Summer 2024 runway show – DR French label Isabel Marant was recognised for a triple step forward in favour … Read more
