Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

SMCP's Third-Quarter Sales Up 18 Percent

The published results were the Sandro-owner's first since the company listed on the stock market last month.
Sandro's Autumn/Winter 2017 campaign shot by Alasdair McLellan | Source: Sandro
By
  • Reuters

PARIS, France — French fashion group SMCP reported higher third-quarter sales on Wednesday, in its first set of published revenue figures since the company listed on the stock market last month.

SMCP, majority-owned by Chinese group Shandong Ruyi and whose brands include Sandro, Maje and Claudie Pierlot, said third-quarter sales had risen 17.7 percent to €218 million ($258.50 million). At constant currencies they rose 20 percent.

"The group's strong third-quarter performance confirms the growth prospects of Sandro, Maje and Claudie Pierlot," said SMCP chief executive Daniel Lalonde in a statement.

"We continue to implement our strategy based on pursuing organic growth, gaining market share in France and expanding internationally. On this first publication as a listed company, we confirm the 2017 financial objectives presented at the time of our initial public offering," he added.

By Sudip Kar-Gupta; editor: by Sarah White.

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from Financial Markets
A financial lens on the fast-changing fashion sector, including markets, investors and deals.

The Best of BoF 2023: Diversity’s Litmus Test

In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.


The Year Ahead: The Future of Fashion Deal-Making

For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.


The Investment Giant Behind Some of Fashion’s Biggest Deals

L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.


view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
BoF Professional - How to Turn Data Into Meaningful Customer Connections
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
BoF Professional - How to Turn Data Into Meaningful Customer Connections