Sandro news and archive

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,...

FeaturedMember

Business

SMCP shareholder dispute resolved: 15.5 percent stake returned after legal battle

Paris, August 11, 2025 – The textile group SMCP (Sandro, Maje, Claudie Pierlot and De Fursac) can finally breathe a sigh of relief. The 15.5 percent of its capital illegally transferred in 2021 to a company based in the British Virgin Islands by its defaulting Chinese shareholder has been returned to the Luxembourg holding company that owned it....

Member

Business

Chinese shareholders of SMCP fined 1.7 million euros

Paris - Amidst an exceptional governance crisis, the Chinese shareholders of French fashion group SMCP (Sandro, Maje, Claudie Pierlot) were fined a total of 1.7 million euros by the French Financial Markets Authority (AMF), according to a statement released on Thursday, June 12, 2025. "In its decision of June 10, 2025, the Sanctions Committee...

Member

Business

SMCP fashion group falls into the red, weighed down by China

The fashion group SMCP (Sandro, Maje, Claudie Pierlot and Fursac) reported a net loss of more than 23 million euros in 2024 due to poor performance in the Chinese market, and despite improvement in the second half of the year. In 2023, its net profit was 11 million euros, compared to 51 million euros in 2022. In 2024, meanwhile, the group's...

Retail

Sandro opens first store in India

Sandro is opening its first store in India. The French brand is settling in the city of Mumbai, as announced in a press release. The first Indian store paves the way for further expansion in South Asia. Sandro's first store in Mumbai mirrors the signature design of its flagship stores around the world. The 150-square-metre location will showcase...

Member

Business

SMCP secures distribution deals in Philippines and Indonesia

SMCP has announced the signing of two new distribution deals in the Philippines and Indonesia, countries the company said were “key drivers of development and influence, with strong economic growth and a flourishing middle class”. SSI Group will take over the distribution of SMCP brands in the Philippines, while Map Group will oversee...

Member

Business

Adidas loses its lawsuit against Isabel Marant and Sandro

In a major blow for Adidas, the Court of Cassation, France's supreme court for civil and criminal cases, definitively ruled on June 26, 2024 in favour of Isabel Marant and Sandro, thus ending six years of litigation. The German sportswear manufacturer filed a lawsuit in 2018, accusing the two fashion brands of counterfeiting its famous three...

Retail

Sandro launches AI tool to help customers find their 'ideal size'

French brand Sandro, owned by the SMCP group, is relying on artificial intelligence (AI) to help its customers choose their ideal size. On Linkedin, Sandro announced a collaboration with Fringuant, a tool based on body scanning technology that helps you find 'the right clothing size'. The tool, powered by AI, allows online shoppers to determine...

FeaturedMember

Business

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...

Member

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...

Member

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...

Retail

Sandro expands presence in the US

SMCP brand Sandro is consolidating its presence in the US market with the opening of a shop at the Westfield Topanga Shopping Center in Los Angeles. "As part of our efforts to strengthen our presence in North America, and following our recent openings in Georgetown (Washington D.C.) and Williamsburg (New York), we are pleased to announce the...