Fursac news and archive

Fashion group SMCP returns to profit in 2025

Paris - Following a significant loss in 2024 and years of shareholder turmoil, the French ready-to-wear group SMCP (Sandro, Maje, Claudie Pierlot and Fursac) generated a net profit of 16.6 million euros (19.62 million dollars) in 2025, it announced on Thursday. “It’s starting to get a little brighter,” said Isabelle Guichot, the group’s chief...

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Fursac creative director exits after five years

Gauthier Borsarello has announced his departure from SMCP-owned Fursac, where he has been at the creative helm for five years. The designer revealed his departure on Instagram, where he said: “It has been a meaningful chapter, both creatively and professionally.” In the post, Borsarello added that time at Fursac was defined largely by the launch...

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SMCP achieves marginal Q3 sales growth amid French and Asian challenges

Sales for the ready-to-wear group SMCP, parent company of the Sandro, Maje, Claudie Pierlot and Fursac brands, increased by 0.6 percent year-over-year in the third quarter. The company reached 295.4 million euros, with growth in all geographical areas except for France and Asia. In France, turnover reached 97 million euros in the third quarter,...

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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...

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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...

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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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Fursac MD departs, SMCP CEO appointed to helm

It has been confirmed that Fursac’s former managing director, Jérémie Le Febvre, has stepped down from the helm position almost one year on from his initial appointment. As such, the chief executive officer of the Italian brand’s parent company SMCP, Isabelle Guichot, is to take on the management on an interim basis, with assistance of Ilan...

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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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French group SMCP names new CEO at Fursac

Premium fashion group SMCP has announced the appointment of Jérémie Le Febvre as the new chief executive officer of its Fursac brand, effective May 15. Le Febvre joins the French group from British designer label A-Cold-Wall, where he has served as CEO since November 2022. He is also the co-founder of Le Vif, a curated vintage store in Paris,...

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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...