×
75 390
Fashion Jobs
MACY'S
Asset Protection Security Guard, Mall at Prince Georges - Standard Part Time
Permanent · Hyattsville
MACY'S
Asset Protection Detective, Fayette Mall - Full Time
Permanent · Lexington
MACY'S
Asset Protection Detective, Wheaton Plaza - Standard Part Time
Permanent · Wheaton-Glenmont
MACY'S
Asset Protection Detective, Streets of South Point - Standard Part Time
Permanent · Durham
MACY'S
Asset Protection Detective, Queens Center - Full Time
Permanent · New York
MACY'S
Manager, Merchandise Execution
Permanent · Manassas
ABERCROMBIE AND FITCH STORES
Abercrombie & Fitch - Manager in Training, Dadeland
Permanent · Miami
ROSS STORES
Finance Manager (Logistics)
Permanent · Fort Mill
ROSS STORES
Store Protection Specialist
Permanent · Land O' Lakes
ROSS STORES
Senior Manager, HR Program Delivery
Permanent · Dublin
ROSS STORES
Director, Loss Prevention Regional (Lprd)
Permanent · Palm Beach Gardens
ROSS STORES
Store Protection Specialist
Permanent · Audubon
ASCENA
Part Time Sales Manager
Permanent · Portage
MICHAEL KORS
Part Time Sales Supervisor
Permanent · Elmhurst
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Cary
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Dallas
KOHLS
Full-Time Loss Prevention Officer
Permanent · Fontana
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Tomball
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Chesapeake
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Linden
KOHLS
Full-Time Loss Prevention Officer
Permanent · Salinas
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Kearney
By
Reuters
Published
Sep 19, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

French fashion group SMCP moves step closer towards IPO

By
Reuters
Published
Sep 19, 2017

SMCP, the French fashion group behind brands such as Sandro, Maje and Claudie Pierlot, moved a step closer towards its stock market listing after filing its intentions for an initial public offering with French authorities.


Sandro Paris


SMCP said on Monday that it had filed its registration document with France’s AMF markets watchdog - a formal step towards its planned IPO.

SMCP, majority owned by China’s Shandong Ruyi, also reported higher 2017 first-half sales and earnings. Shandong Ruyi will keep a stake of around 51 percent following SMCP’s stock market listing.

It reported a 20 percent rise in earnings before interest, tax, depreciation and amortisation (EBITDA) to 73 million euros ($87 million) on sales up 16 percent at 439 million euros.

“We are pleased to announce the filing of our registration document with the AMF, which represents the first step of our initial public offering project,” SMCP Chief Executive Daniel Lalonde said.

“Our H1 2017 results show a strong increase in our net sales and EBITDA. This success confirms the relevance of our business model and strategy that aims to pursue organic growth, expand our network in our key markets, accelerate on digital, menswear and accessories,” he said.

Sandro, Maje and Claudie Pierlot sell dresses priced at around 200 euros in France and operate in what is classified as the accessible luxury market.

Buoyant demand among fast-growing middle classes, particularly in countries such as China, has boosted this segment.

In August, sources familiar with the matter said that Bank of America Merrill Lynch, JP Morgan and KKR Capital Markets had been chosen as joint global coordinators for SMCP’s flotation.
 

© Thomson Reuters 2022 All rights reserved.