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The parent of affordable-luxury fashion labels Sandro, Claudie Pierlot and Maje appears unphased by the Sino-US trade spat, vowing to continue its expansion in the region. SMCP’s CEO Daniel Lalonde said in an interview that the company plans to continue to…
Affordable luxury fashion group SMCP has cited Asia as one of the reasons for double-digit growth across all its brands in the first half year. The French-headquartered affordable luxury brand has reported global consolidated sales of €493.3 million, up 15.5…
Apparel group SMCP China has opened its 100th physical store on the mainland, the Maje, in Beijing’s Chaoyang Joy City mall. Since its debut in Hong Kong in 2012, the French group has built up a presence in Greater China with stores in 22 cities, including…
After consolidating its presence in Europe, fashion label Claudie Pierlot sees strong potential in Asia, particularly China. It is the smallest of the three labels owned by SMCP group, with Maje and Sandro already well established. Claudie Pierlot joined the…
SMCP Group sales soared last year, reflecting the strength of the affordable luxury category and successful expansion in Asia. The French fashion retailer achieved 16.4 per cent growth in sales to €786 million (US$844 million) last year. SMCP stands for its…
Paris-based affordable luxury fashion chain Sandro Asia, along with sister brand Maje and Claudie Pierlot, recorded 51 per cent year-on-year growth in Asia Pacific in the first six months of the year. Sandro opened its largest Asia flagship store in the heart…
SMCP, the group behind French fashion brands Claudie Pierlot, Maje and Sandro plans to pursue its international expansion, particularly in China, where it will continue to open about 30 shops a year. SMCP president/CEO Daniel Lalonde says the strategy has not…
Subject to regulatory approvals, Chinese textile and apparel manufacturer Shandong Ruyi Technology Group has acquired a controlling stake in fashion brand parent SMCP. The Chinese company has signed an exclusive agreement along with global investment firm…
Parisian fashion label Groupe SMCP says its ‘affordable luxury’ positioning is luring growing numbers of Chinese shoppers. SMCP is 70 per cent owned by private equity group KKR (one of the companies linked to a bid for Tesco’s US$6 billion Korean operations).…
