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By
Reuters
Published
Nov 29, 2017
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French fashion group SMCP's third-quarter sales rise 17.7 percent

By
Reuters
Published
Nov 29, 2017

French fashion group SMCP reported higher third-quarter sales on Wednesday, in its first set of published revenue figures since the company listed on the stock market last month.




SMCP, majority-owned by Chinese group Shandong Ruyi and whose brands include Sandro, Maje and Claudie Pierlot, said third-quarter sales had risen 17.7 percent to 218 million euros ($258.50 million). At constant currencies they rose 20 percent.

“The group’s strong third-quarter performance confirms the growth prospects of Sandro, Maje and Claudie Pierlot,” said SMCP chief executive Daniel Lalonde in a statement.

“We continue to implement our strategy based on pursuing organic growth, gaining market share in France and expanding internationally. On this first publication as a listed company, we confirm the 2017 financial objectives presented at the time of our initial public offering,” he added.

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