SMCP is considering a public listing of its shares on Euronext Paris.
The company said Wednesday that the possible listing has the support of its Shandong Ruyi Technology Group, which would remain the majority shareholder after any listing. The company said an offering, which would be subject to market conditions, would allow the company to grow its brands and to “pursue its mission to spread Parisian chic around the world.”
Shandong Ruyi acquired a majority stake in October 2016. SMCP’s founders and management, as well as private equity firm KKR, retained a minority interest in the group.
According to the company, it has consistently delivered strong year-over-year growth, almost doubling its total sales in three years. In 2016, SMCP posted a 16.4 percent increase in sales and a 22 percent jump in profitability. E-commerce sales grew 80 percent, totaling 10 percent of total sales.
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