Ilan Chetrite is the man behind Sandro’s menswear. The founder’s son, he has worked to grow the label for a decade. As SMCP is about to buy men’s brand De Fursac, he talks to FashionNetwork.com about his menswear vision.
Digital transformation, changing consumer behaviour and fierce competition for the best retail locations are driving up costs in the luxury industry according to a study published by the American analytics firm.
France accounts for over one quarter of the total sales of the top 100 luxury corporations worldwide according to Deloitte’s 2019 report, with 9 groups listed and LVMH, L'Oréal, Kering and Chanel in the top 10.
SMCP has continued its run of impressive results with the owner of the Sandro, Maje and Claudie Pierlot brands saying that it saw double-digit sales growth last year with its turnover above €1bn for the first time.
Ruyi Fashion Holding Group, the Chinese textile manufacturing group that controls France’s Sandro, Maje and Claudie Pierlot (SMCP), is still in the market for acquisitions, its chairman said on Monday.