Claudie Pierlot news and archive

SMCP targets returning to growth by 2026

SMCP, parent company of the Sandro, Maje and Claudie Pierlot and Fursac brands, reported first quarter sales at 287 million euros, down 5 percent on an organic basis. The company continued to optimise its store network with 11 net closings during the quarter, mainly in Asia to reach 1,719 points of sales worldwide. The company will close 100...

Business

SMCP 2023 sales grow but profit plummets

SMCP reported FY23 sales of 1,231 million euros, a progression of 4 percent at constant exchange rates and 3 percent on an organic basis versus 2022. The company parent to Sandro, Maje, Claudie Pierlot and Fursac, reported sales of 326 million euros in the fourth quarter, in line with 2022 at constant exchange rates and down 1 percent on an...

Business

SMCP cuts Q4 outlook

For the fourth quarter of 2023, SMCP expects a performance slightly below previous outlook. sales are expected to reach around 1.230 million euros, up 3.8 percent at constant FX compared to earlier outlook of mid-single digit growth. The company expects adjusted EBIT margin between 6.4 percent and 6.6 percent of sales against between 7 percent...

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SMCP: Q3 sales slide as demand in Europe, Americas falters

French premium group SMCP has reported a 4.4 percent drop in sales in the third quarter as it faced a challenging trading backdrop. The group, whose portfolio comprises labels Sandro, Maje, Claudie Pierlot, and Fursac, generated sales of 294.9 million euros in Q3, down from 308.4 million euros a year earlier. Breaking it down by brand, sales at...

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Strong growth in Asia and Europe boost SMCP's sales

SMCP, parent company of Sandro, Maje, Claudie Pierlot and Fursac reported sales at 610 million euros in the first half period, a progression of 8 percent on an organic basis and 9 percent at constant exchange rates. The performance was driven by both like-for-like sales increase of 5 percent and from network expansion. The company opened 23 new...

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Positive growth across markets drive Q1 sales at SMCP

French fashion group SMCP, the parent of Sadro, Maje, and Claudie Pierlo, has reported sales at 305 million euros in the first quarter, up 8 percent at constant exchange and 7 percent on an organic basis versus 2022 driven by like-for-like growth. Commenting on the results, Isabelle Guichot, CEO of SMCP, stated: “We are particularly pleased with...

Business

Olivier Germain appointed chief executive of Claudie Pierlot

SMCP, the fashion group which includes Sandro and Maje, has appointed Olivier Germain as chief executive officer of its Claudie Pierlot brand, effective immediately. Germain joins the affordable luxury label from New Guards Group, owner of Off-White, Ambush and Heron Peston, where he served as chief product officer. Prior to that, he held the...

Business

SMCP reports organic revenue increase of 9.4 percent

SMCP, parent company of Sadro, Maje, Claudie Pierlot and De Fursac recorded third quarter sales at 308 million euros, up 9.4 percent on an organic basis and 13.5 percent on a reported basis versus 2021. Over the first nine months, the group recorded 874 million euros of sales, up 17 percent on an organic basis and 20.5 percent on a reported...

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SMCP Q4 sales reach pre-Covid levels

Premium fashion group SMCP continues to recover from the pandemic as its fourth-quarter sales returned to 2019 levels and its full-year sales exceeded 1 billion euros. The French group, whose portfolio includes brands Sandro, Maje, Claudie Pierlot and De Fursac, reported Q4 sales of 313.5 million euros, a 22.1 percent increase from a year...

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SMCP sales near pre-Covid levels in third quarter

French premium fashion group SMCP has reported an uptick in Q3 sales compared to a year earlier as they neared pre-Covid levels. The group, whose portfolio includes brands Sandro, Maje, Claudie Pierlot and De Fursac, reported sales of 271.7 million euros in the third quarter, an 8.4 percent increase on an organic basis compared to 2020 levels,...

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SMCP ‘cautiously optimistic’ as sales continue to improve

French fashion group SMCP has reported soaring revenue in the second quarter of the year as it narrows in on 2019 sales levels. The group, whose portfolio includes brands Sandro, Maje, Claudie Pierlot and De Fursac, reported sales of 229.4 million euros in Q2, an increase of 59.1 percent on a reported basis and 61.1 percent on an organic basis...

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Lockdown measures in Europe and Canada impact SMCP's Q1 results

In the first quarter of 2021, consolidated sales at SMCP, parent company of Sandro, Maje, Claudie Pierlot and De Fursac reached 223.9 million euros, down 0.6 percent on an organic basis. The company said, reported sales were down 2.1 percent, including a negative currency impact of 1.5 percent. Over the quarter, the group generated digital sales...