SMCP launches into a steep trajectory

Publication

23 October 2017 à 14h30

Updated on 10 May 2019 à 17h37

Reading time

3 minutes

Publication: 23 October 2017 à 14h30, Updated on 10 May 2019 à 17h37

Reading time: 3 minutes

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Publication

23 October 2017 à 14h30

Updated on 10 May 2019 à 17h37

Reading time

3 minutes

Publication: 23 October 2017 à 14h30, Updated on 10 May 2019 à 17h37

Reading time: 3 minutes

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Eager to accelerate global expansion and reduce debt, the accessible luxury retailer SMCP (owner of Sandro, Maje and Claudie Pierlot, sales of € 786 million in 2016 up by 16.4% in H1 2017) is aiming high. The retailer expects a listing on the French Stock Exchange by the end of 2017, and targets a valuation of €2 billion.

 

In 2016, when the firm saw the entrance of the Chinese Shandong Ruyi Group as a shareholder, the valuation was at €1.3 billion. Parent company Shandong Ruyi Group plans...

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