×
322
Fashion Jobs
VIDVAS HR SOLUTIONS PRIVATE LIMITED
sr Manager - Production . Only Leather Bags Exp - Chennai
Permanent · Chennai
SHREE SADGURU MASALA & SPICES IND PVT LTD
Regional Sales Manager
Permanent · Navi Mumbai
MAGNATEK ENTERPRISES
Looking For Area Sales Manager
Permanent · Chennai
BANDHAN LIFE SCIENCE PRIVATE LIMITED
Area Sales Manager
Permanent · Kolkata
WINGS PHARMACEUTICALS
Area Sales Manager - Generic Division
Permanent · Ludhiana
FIRST SOLUTION
Agency Development Manager/Recruitment Development Manager(Insurance)
Permanent · Pune
NCL INDUSTRIES LIMITED (BISON PANEL)
Area Sales Manager - Hyderabad (Boards Division)
Permanent · Hyderabad
LN GLOBAL CAREER SERVICES LLP
Required Regional Sales Manager For Pharmaceutical Company
Permanent · Chennai
LN GLOBAL CAREER SERVICES LLP
Required Zonal Sales Manager For Pharmaceutical Company
Permanent · Chennai
LEVI'S
Group Product Manager
Permanent · Bengaluru
AVENUE SUPERMARTS LIMITED
Excellent Opportunity With Dmart _ Production Managers
Permanent · Chikmagalur
ENOAH I SOLUTION INDIA PRIVATE LIMITED
Area Sales Manager
Permanent · Bengaluru
KISHOR EXPORTS
Garment Technician
Permanent · Agra
CENTURY PLYBOARDS (I) LIMITED
Area Sales Manager - Delhi / Ghaziabad
Permanent · Ghaziabad
KEYAL EMPIRE DESIGN PRIVATE LIMITED
Production Manager
Permanent · DELHI
MAHINDRA HOLIDAYS AND RESORTS INDIA LIMITED
Sales Team Manager/sr . Sales Manager/Territory Sales Manage-Bangalore
Permanent · Bengaluru
SERVOTECH INDIA LIMITED
Sil - Production Manager/ Quality Manager - Tarapur (Boisar)
Permanent · Tarapur
JOB INDIA
Area Sales Manager- Operations (Garment Retails)
Permanent · Gurugram
MAHINDRA HOLIDAYS AND RESORTS INDIA LIMITED
Team Manager/ Territory Manger- Sales- Meerut
Permanent · Meerut
HARI DARSHAN SEVASHRAM (P) LTD
Area Sales Manager - Punjab
Permanent · Ludhiana
ALGOR SUPPLYCHAIN SOLUTIONS PRIVATE LIMITED
Hiring For Sales Manager in Logistic co| Hyderabad | Bangalore
Permanent · Bengaluru
ELECTRONICA FINANCE LTD
Area Sales Manager - Faridabad Machinery Loan
Permanent · Faridabad
By
AFP
Translated by
Susan Spies
Published
Jun 22, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

SMCP explores Paris IPO

By
AFP
Translated by
Susan Spies
Published
Jun 22, 2017

The Chinese-owned French fashion group behind the Sandro, Maje and Claudie Pierlot labels announced on Wednesday its intention to list a minority stake on the Paris stock market in order to foster its international growth.

Maje



In a statement, the group said it wanted to take advantage of a "strong momentum" in recent years and that "SMCP is now considering listing on Euronext Paris, with the strategic support of Shandong Ruyi Technology Group," which will remain its majority shareholder over the long term. The statement did not provide any financial details about the listing.

The IPO, which remains subject to market conditions, would enable SMCP to "pursue its profitable growth path" and support its international development.

In 2016, SMCP saw its annual sales increase by 16.4%, to 786 million euros, while its EBITDA grew by 22% to reach 130 million euros.

Outside France, its sales rose by 24%, now accounting for 54% of the group's revenues.

Founded in 1984 with the creation of the Sandro brand, the group had already considered a public listing in March 2016 before it was bought a few weeks later by the Chinese textile giant Shandong Ruyi Technology.

The new owner said it was ready to support SMCP's ambition to become a "world leader in affordable luxury" and to support its future growth, particularly in Asia. The Chinese company was especially committed to preserving "the DNA and unique identity of the group's brands," with plans that allowed the creative and design teams to remain in Paris.

Shandong Ruyi Technology is one of the largest textile manufacturers in China, offering products and services across the entire value chain, including raw materials, retail and design. It has 13 industrial sites in China and operates more than 3,000 retail touch points in the Asia-Pacific region.

Following the acquisition, Sandro and Maje founders Evelyne Chétrite and her sister Judith Milgrom have remained in charge of the artistic direction at SMCP. They also stayed on as minority shareholder following U.S. fund KKR's 65% purchase of the French group’s shares in 2013. KKR has since sold off the majority of those holdings. 

 

Copyright © 2021 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.