Maje 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...

BusinessFeatured

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...

Fashion

Maje launches resale in the US

Parisian fashion brand Maje, part of French fashion group SMCP, has launched its in-house peer-to-peer resale platform in the US in partnership with Archive, the technology platform for branded resale items. ‘Maje Secondhand’ gives customers the ability to list their preloved Maje pieces alongside past season’s clothing “to create a cohesive...

BusinessFeatured

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...

Fashion |In Pictures

Maje launches ‘Up Front’ initiative to support emerging talents

Parisian fashion brand Maje is launching a new initiative to support emerging talents, debuting with singer Sofie Royer. The ‘Maje Up Front’ programme will support creativity through exclusive partnerships “with artists of all kinds,” explains the fashion brand in the press release. Maje worked with the California-born, Iranian-Austrian...

BusinessFeatured

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

SMCP names Elina Kousourna CEO of Maje

Maje has welcomed Elina Kousourna as its new chief executive officer, its parent company SMCP group has announced. She will take on the position from April 17. Koursourna has been a part of the SMCP group since 2015, first joining the luxury conglomerate as a business and retail performance manager before moving on to become strategy and...

BusinessFeatured

SMCP posts record Q4 sales as FY profits more than double

Premium fashion group SMCP saw its profits more than double in its most recent full-year results following a strong fourth quarter as deep-pocketed shoppers remained resilient despite rising inflation. The French group, which owns brands Sandro, Maje, Claudie Pierlot, and Fursac, reported sales of 332 million euros in the fourth quarter, up 5.9...

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...

BusinessFeatured

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...