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SMCP might have a new owner

Reuters has reported that the GLAS group of bondholders has taken a 28 percent stake in SMCP, the umbrella company of Sandro, Maje, and Claudie Pierot. It is likely they will sell the stake, which will result in SMCP having a new owner. SMCP’s ownership has come up as a point of contention ever since its majority stakeholder Shandong Ruyi...

29 Oct 2021