
Premium fashion giant SMCP has faced numerous challenges in the past year but 2021 saw sales once again exceeding €1bn and in Q4 they were “at par” with pre-pandemic levels as they gradually improved during the year.
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Premium fashion giant SMCP has faced numerous challenges in the past year but 2021 saw sales once again exceeding €1bn and in Q4 they were “at par” with pre-pandemic levels as they gradually improved during the year.
The US brand famous for its hats has forged new connections in France, dropping a fashion collaboration with Claudie Pierlot and inking a partnership deal with the French Rugby Federation.
French premium fashion retailer SMCP has named a new boss for one of its biggest brands, Maje, with Charlotte Tasset Ferrec taking over as CEO on January 4.
A group of bondholders including asset manager BlackRock and an affiliate of private equity firm Carlyle has become the top shareholder in French fashion company SMCP, taking on a 29% equity stake it now wants to sell.
SMCP has had to deal with plenty of background ‘noise’ of late as issues around its parent company persist. But it’s remained laser-focused on driving sales back to more normal levels and saw some success in Q3.
SMCP’s CEO hailed its “strong momentum” globally and its “solid progress” on its One Journey strategic plan on Tuesday as he reported the premium fashion retail giant’s Q2 sales figures.
French magistrates have opened an inquiry into allegations four fashion groups including Uniqlo and the owner of Zara profited from forced labour of the Uyghur minority in China, a judicial source said Thursday.
French premium fashion group SMCP did better than expected last year with the Sandro, Maje, Claudie Pierlot and De Fursac owner saying core annual profit beat expectations.
SMCP's full year and final quarter continued to be impacted by lockdowns around the world that drove sales downwards. But digital strength, new stores and a nascent recovery in China are reasons to be cheerful.
Menswear brand De Fursac, acquired by SMCP Group in late 2019, is changing its tone and has appointed co-founder of magazine So Press, Gauthier Borsarello, to take over from Alix Le Naour.