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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...

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Shandong Ruyi to create a stable of “affordable luxury” brands to compete against LVMH

China's apparel group Shandong Ruyi is determined to present fierce competition to the world’s largest luxury goods group, LVMH. The Chinese fashion conglomerate’s strategy is targeting more global deals involving "affordable luxury" brands, aimed to establish the first high-end Chinese fashion empire. Shandong Ruyi’s CEO, Qiu Yafu, told Reuters...

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