China, France post weak results in Q1
Translated by Nicola Mira Published Apr 25, 2024 The SMCP group has announced in its new strategic plan that it wants its international business to take advantage of prevailing global …
SMCP
Aigle, Sandro, Maje, The Kooples Focus on Craft & Quiet Luxury
Following the quiet luxury trend, contemporary brands are focusing on craftsmanship, more curated collections and emphasizing quality. It was most evident in the SMCP stable of brands, Sandro, Maje and …
SMCP outlines plan to ‘safeguard profitability and foster growth’
Translated by Roberta HERRERA Published Mar 10, 2024 SMCP, the French luxury conglomerate renowned for its accessible luxury, experienced a mixed year in 2023. On one hand, the group witnessed …
Is it game over for sector’s biggest names?
Matches has laid off almost half its staff — 273 people — as it trades through administration while a buyer is sought by insolvency specialist Teneo. The company had employed …
SMCP hit by tough finale to 2023 as profits fall, but sales still edged up
SMCP’s full-year results Wednesday saw it confirming that sales rose 4% at constant exchange rates (3% on an organic basis) to reach €1.231 billion. But net profits still plummeted and …
Claudie Pierlot launches into second-hand fashion
Translated by Nicola Mira Published Feb 13, 2024 Claudie Pierlot has entered the circular fashion market. The French affordable luxury label founded in 1984 by the eponymous designer, and now …
Lacoste names Philippe Gautier as head of finance
Translated by Nicola Mira Published Feb 12, 2024 French sportswear brand Lacoste has recently appointed a new executive vice-president finance, Philippe Gautier, who was recently CFO and COO at beauty …
Iro appoints Isolde Andouard as CEO
Translated by Roberta HERRERA Published Jan 31, 2024 Isolde Andouard is charting a new course in her career. After a successful two-year tenure as the CEO of Undiz, a prominent …
SMCP Q4 update sees sales figure scaled back, but revenue still rising
SMCP has issued a brief Q4 update and sales that its “sales remained stable compared to 2022 at constant exchange rates, despite a macroeconomic context that continued to deteriorate”. Sandro …
Fursac loses its managing director, Isabelle Guichot takes over as interim CEO
Translated by Cassidy STEPHENS Published Jan 15, 2024 Fursac lost its managing director at the end of 2023. The men’s label, part of the SMCP group, owner of Sandro, Maje …