SMCP
Financial
SMCP Q4 Sales Down 20.5% as Conditions Remain Difficult
SMCP said sales fell 20.5 percent in the fourth quarter, as the coronavirus crisis continued to weigh.
Human Resources
De Fursac Names Gauthier Borsarello Creative Director
Borsarello replaces Alix Le Naour, who held the position for a decade.
Human Resources
EXCLUSIVE: SMCP Names Patricia Huyghues Despointes CFO
The former Givenchy CFO worked for LVMH for 15 years.
Financial
SMCP Sales Down 9.5%, Group Sets Financial, Ecological Goals
The group plans to focus on organic growth and is doubling marketing investments next year.
Business Features
De Fursac Kicks Off Expansion Drive With Focus on London
The tailoring specialist, SMCP Group’s latest acquisition has plans to gradually expand outside of its home market of France.
Financial
SMCP Reports H1 Loss of 88.5 Million Euros, Plans Investor Day
The fashion company will detail efforts to mitigate the crisis at an investor day on Oct. 27.
Financial
CEO Talks: SMCP’s Daniel Lalonde Draws Up New Plans for Business
“We’re not looking to replicate what we had before,” said the executive.
Financial
SMCP Q1 Sales Decline 16.7% as Store Closures Weigh
The pandemic will have a strong impact on the second quarter, but early signs of recovery in China are encouraging, said ceo Daniel Lalonde.
Retail
SMCP Labels Donate Masks, Executives Lower Salaries
Executive committee members are forgoing 30 percent of their fixed salaries.
Financial
SMCP Cuts Store Expansion Plans by Half, Sees 20% Sales Decline in Q1
The owner of Sandro, Maje, Claudie Pierlot and De Fursac also offered reassurances on its liquidity position.
Financial
SMCP Says Coronavirus Is Significantly Weighing on Results
The group postponed its April 2 Investor Day to Sept. 30.
Financial
SMCP Sales Rise 14.8% in Q4, Spurred by Store Expansion, De Fursac
SMCP opened 27 stores over the quarter.
Mens Retail Business
De Fursac Opens First Store Abroad With Selfridges Pop-up in London
The French men’s wear label was purchased by SMCP Group in September.
Financial
SMCP Lowers Annual Margin Target on Hong Kong Disruptions
The company also said its smallest label Claudie Pierlot lagged Sandro and Maje.
Fashion Scoops
Sandro, Maje and Claudie Pierlot Go Fur-Free
Claudie Pierlot is the last of the four SMCP ready-to-wear brands to ban fur from its collections.
Essentialist
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