86 626
Fashion Jobs
MACY'S
Retail Fulfillment Associate, University Park Mall - Part Time
Permanent · MISHAWAKA
MACY'S
Asset Protection Captain, Interstate - Full Time
Permanent · RAMSEY
MACY'S
Retail Fulfillment Associate, Ventura Pacific View - Part Time
Permanent · VENTURA
MACY'S
Asset Protection Detective, South Beach - Full Time
Permanent · MIAMI BEACH
MACY'S
Asset Protection Security Guard, Garden State Park - Full Time
Permanent · CHERRY HILL
MACY'S
Retail Fulfillment Associate, White Oaks - Part Time
Permanent · SPRINGFIELD
MACY'S
Retail Fulfillment Associate, Galleria at Pittsburgh Mills - Part Time
Permanent · TARENTUM
MACY'S
Asset Protection Captain, Orland Square - Full Time
Permanent · ORLAND PARK
MACY'S
Asset Protection Security Guard, Queens Center - Part Time
Permanent · NEW YORK
MACY'S
Retail Fulfillment Associate, Village at Fairview - Part Time
Permanent · FAIRVIEW
MACY'S
Asset Protection Detective, Marley Station - Part Time
Permanent · GLEN BURNIE
MACY'S
Asset Protection Security Guard, Broadcasting Square - Part Time
Permanent · WYOMISSING
MACY'S
Asset Protection Security Guard, Winter Garden Village - Part Time
Permanent · WINTER GARDEN
MACY'S
Manager, Asset Protection
Permanent · SPRINGFIELD
MACY'S
Asset Protection Security Guard, Centerton Square - Part Time
Permanent · MOUNT LAUREL TOWNSHIP
MACY'S
Retail Fulfillment Associate, Westland - Part Time
Permanent · HIALEAH
MACY'S
Asset Protection Security Guard, Bloomingdale Court - Part Time
Permanent · BLOOMINGDALE
MACY'S
Retail Fulfillment Associate, Cumberland Mall - Full Time
Permanent · ATLANTA
MACY'S
Asset Protection Security Guard, Broadcasting Square - Full Time
Permanent · WYOMISSING
MACY'S
Retail Fulfillment Associate, Riverpark - Part Time
Permanent · FRESNO
MACY'S
Retail Fulfillment Associate, Shoppes at Buckland Hills - Part Time
Permanent · MANCHESTER
MACY'S
Retail Fulfillment Associate, Empire - Part Time
Permanent · SIOUX FALLS
By
AFP
Translated by
Susan Spies
Published
Jun 21, 2017
Reading time
2 minutes
Download
Download the article
Print
Text size

SMCP explores Paris IPO

By
AFP
Translated by
Susan Spies
Published
Jun 21, 2017

The Chinese-owned French fashion group behind the Sandro, Maje and Claudie Pierlot labels announced on Wednesday its intention to list a minority stake on the Paris stock market in order to foster its international growth.

Maje



In a statement, the group said it wanted to take advantage of a "strong momentum" in recent years and that "SMCP is now considering listing on Euronext Paris, with the strategic support of Shandong Ruyi Technology Group," which will remain its majority shareholder over the long term. The statement did not provide any financial details about the listing.

The IPO, which remains subject to market conditions, would enable SMCP to "pursue its profitable growth path" and support its international development.

In 2016, SMCP saw its annual sales increase by 16.4%, to 786 million euros, while its EBITDA grew by 22% to reach 130 million euros.

Outside France, its sales rose by 24%, now accounting for 54% of the group's revenues.

Founded in 1984 with the creation of the Sandro brand, the group had already considered a public listing in March 2016 before it was bought a few weeks later by the Chinese textile giant Shandong Ruyi Technology.

The new owner said it was ready to support SMCP's ambition to become a "world leader in affordable luxury" and to support its future growth, particularly in Asia. The Chinese company was especially committed to preserving "the DNA and unique identity of the group's brands," with plans that allowed the creative and design teams to remain in Paris.

Shandong Ruyi Technology is one of the largest textile manufacturers in China, offering products and services across the entire value chain, including raw materials, retail and design. It has 13 industrial sites in China and operates more than 3,000 retail touch points in the Asia-Pacific region.

Following the acquisition, Sandro and Maje founders Evelyne Chétrite and her sister Judith Milgrom have remained in charge of the artistic direction at SMCP. They also stayed on as minority shareholder following U.S. fund KKR's 65% purchase of the French group’s shares in 2013. KKR has since sold off the majority of those holdings. 

 

Copyright © 2024 AFP. All rights reserved. All information displayed in this section (dispatches, photographs, logos) are protected by intellectual property rights owned by Agence France-Presse. As a consequence you may not copy, reproduce, modify, transmit, publish, display or in any way commercially exploit any of the contents of this section without the prior written consent of Agence France-Presses.