×
446
Fashion Jobs
VIKRAM TEA PROCESSOR PVT LTD
Area Sales Manager
Permanent · Ahmedabad
HERITAGE FOODS INDIA
Area Sales Manager(Hyderabad & Vijayawada) @ Hfl
Permanent · Hyderabad
NASH INDUSTRIES (I) PVT. LTD.
Production Manager Position With Nash Industries-Pune
Permanent · Pune
ACCELERATE SOCIAL WELFARE FOUNDATION
Area Sales Manager
Permanent · Noida
VR INDUSTRIES PVT. LTD
Area Sales Manager
Permanent · Chennai
G.R. BATHLA & SONS
Marketing Executive/Area Sales Manager
Permanent · Ludhiana
PEOPLE ALLIANCE WORKFORCE PRIVATE LIMITED
Cutting Manager/Production Head - Garments Industry
Permanent · Bhiwandi
KALPA ELECTRIKAL PVT. LTD
Hiring For Production in Charge/ Manager (8-15 Yrs Exp)
Permanent · Bengaluru
TARGET PUBLICATIONS
Regional Sales Manager
Permanent · Mumbai
THE BANYAN HR CONSULTS
Head HR For Garments Manufacturing Company at Chengalpattu, Tamil Nadu
Permanent · Chennai
IUMENTAS LIFE SCIENCE
Veterinary Sales Manager For The State of Assam
Permanent · Guwahati
HINDCO RECRUITMENT CONSULTANTS
Production Manager| Leading Plastic Manufacturing Company| Umbergaon
Permanent · Navsari
HINDCO RECRUITMENT CONSULTANTS
Production Manager| Leading Polythread Manufacturing Company| Ranchi
Permanent · Ranchi
ENGGSERVICES2INDIA
Production Quality Manager - Immediate Requirement
Permanent · Bengaluru
DIASORIN HEALTHCARE INDIA PRIVATE LIMITED
Area Sales Manager
Permanent · Hyderabad
METROPOLIS HEALTHCARE
Territory Sales Manager @ Mumbai
Permanent · Mumbai
GTROPY SYSTEMS PRIVATE LIMITED
Direct Sales Manager - Faridabad
Permanent · Faridabad
METROPOLIS HEALTHCARE
Territory Sales Manager @Amravati/Nagpur/Aurangabad
Permanent · Nagpur
AAVAS FINANCIERS LIMITED
Area Sales Manager | Home Loan | Delhi
Permanent · Pune
RAJ RAJESHWARI SPICE FOODS LTD.
Area Sales Manager/Senior Sales Officer Required
Permanent · Bareilly
PARK RETAIL MARKETING PVT LTD
Job Opening For Area Sales Manager
Permanent · Pune
ALUDECOR LAMINATION PVT LTD
Area Sales Manager
Permanent · Rohtak
Published
Sep 14, 2015
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

SMCP: stock exchange flotation next year?

Published
Sep 14, 2015

The French miracle exists… And it's called SMCP, the group featuring the Sandro, Maje, Claudie Pierlot brands on its team! When investment fund KKR acquired 65% of SMCP's capital in 2013, fashion professionals were surprised by the company's valuation, €650 million, eleven times its EBITDA at the time. 


A Sandro model - Sandro


And now, according to Le Figaro, only two years after becoming a shareholder, the fund is working towards the apparel company's stock exchange flotation. Two banks have been entrusted with the mandate, UBS and Merril Lynch. The flotation is likely to be scheduled for next March.
 
KKR is also notably among the potential purchasers of Gérard Datel, currently going into receivership. The Trade Court is expected to issue a ruling at the end of September. 

The financial figures reported by SMCP are indeed attractive, given how unsettled the fashion business is. The group has in fact announced a 32% increase (compared to last year) in its 2015 first-half financial year revenues, valued at €316 million, while EBITDA was also very much on the rise, growing more than revenue.

This performance, brought about by the expansion of the three brands and the evolution of a targeted international deployment, was supported by a strong like-for-like growth (+8.9% at constant exchange rates).

Internationally, all indicators are positive too. Across all geographical regions, the group recorded a 64.9% revenues growth, which turns into a 14.9% increase with number of shops held constant.

Also, the revenues share of international sales at the end of June grew to 48%, compared to 38% a year earlier. 

As of the end of June 2015, the SMCP stores network reached 1,039 outlets - of which 852 directly-owned and 187 in partnership, the three brands now being present in 34 countries.
 

Copyright © 2021 FashionNetwork.com All rights reserved.