The French fashion group behind brands such as Sandro, Maje and Claudie Pierlot, announced details of its imminent stock market flotation on Monday, pricing its initial public offering at between 20-25 euros per share.
Bank of America Merrill Lynch, JP Morgan and KKR Capital Markets have been chosen as joint global coordinators for an initial public offering for fashion company SMCP in Paris, two sources said on Friday.
The French conglomerate is once again number one in Deloitte's 2017 report on the top 100 luxury companies. Kering rose to 5th place, while Italy boasts the most companies overall, including top-10 member Luxottica.
SMCP, the group behind French fashion brands Sandro, Maje and Claudie Pierlot, has reported higher profits and sales, which its chief executive said was partly due to the allure of Parisian chic for Chinese customers.