By  on December 6, 2019

PARIS — SMCP, the group behind contemporary French labels Sandro, Maje and Claudie Pierlot, lowered its annual earnings margin target Friday, citing unrest in Hong Kong.

The company targets an adjusted margin on earnings before interest, tax, depreciation and amortization between 15.5 percent and 16 percent, compared to a previous target for a similar level as last year’s 16.9 percent.

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