maje

Retail Asia04/02/2019

Chinese-owned SMCP Group said that total company sales exceeded 1 billion euros in 2018, marking a revenue-first for the French fashion group. “With double-digit sales growth in 2018, SMCP posted a remarkable performance and continued to deliver on its strategic roadmap,” said Daniel Lalonde, SMCP’s Chief Executive Officer. For the year ending December 31, SMCP […]

Retail Asia04/02/2019

Chinese textile and retail investment company Shandong Ruyi has bought the US-based Lycra business for an undisclosed sum. Shandong Ruyi, whose retail investments include Aquascutum and SMCP (Sandro, Maje, and Claudie Pierlot), will take over the world-famous lycra brand, all assets and contracts relating to Lycra from current owner Invista and rename the business The […]

Retail Asia31/01/2019

The parent of affordable-luxury fashion labels Sandro, Claudie Pierlot and Maje appears unphased by the Sino-US trade spat, vowing to continue its expansion in the region. SMCP’s CEO Daniel Lalonde said in an interview that the company plans to continue to open new stores in Mainland China and invest in e-commerce across the region. “From our […]

Retail Asia11/09/2018

Affordable luxury fashion group SMCP has cited Asia as one of the reasons for double-digit growth across all its brands in the first half year. The French-headquartered affordable luxury brand has reported global consolidated sales of €493.3 million, up 15.5 per cent at constant currency, driven by “outstanding” growth outside Europe of 27.2 per cent. […]

Retail Asia28/05/2018

Apparel group SMCP China has opened its 100th physical store on the mainland, the Maje, in Beijing’s Chaoyang Joy City mall. Since its debut in Hong Kong in 2012, the French group has built up a presence in Greater China with stores in 22 cities, including Hong Kong, Macau and Taipei. Its stores can be […]

Retail Asia04/04/2017

SMCP Group sales soared last year, reflecting the strength of the affordable luxury category and successful expansion in Asia. The French fashion retailer achieved 16.4 per cent growth in sales to €786 million (US$844 million) last year. SMCP stands for its three fashion brands: Sandro, Maje and Claudie Pierlot. Like-for-like sales were up 7.1 per […]

Retail Asia07/10/2016

Paris-based affordable luxury fashion chain Sandro Asia, along with sister brand Maje and Claudie Pierlot, recorded 51 per cent year-on-year growth in Asia Pacific in the first six months of the year. Sandro opened its largest Asia flagship store in the heart of Causeway Bay in August, and plans to double the size of its […]

Retail Asia06/10/2016

Hong Kong may no longer be the darling of European luxury brands after the combined effect of a slower local economy and fewer mainland shoppers as a result of Beijing’s anti-corruption crack down, but the city is still magnet for less expensive luxury brands and mid-priced retailers. Retail sales have seen an 18 month-long nosedive, […]

Retail Asia06/09/2016

SMCP, the group behind French fashion brands Claudie Pierlot, Maje and Sandro plans to pursue its international expansion, particularly in China, where it will continue to open about 30 shops a year. SMCP president/CEO Daniel Lalonde says the strategy has not changed after majority owner KKR agreed to sell control to China’s Shandong Ruyi in a €1.3 […]

Retail Asia13/04/2016

0_0_0_0_70_cei-content-20110928012047_Shopping-3-girls-Update1-1024x612.jpg

Subject to regulatory approvals, Chinese textile and apparel manufacturer Shandong Ruyi Technology Group has acquired a controlling stake in fashion brand parent SMCP. The Chinese company has signed an exclusive agreement along with global investment firm KKR, with the expectation that SMCP’s founders and management will reinvest alongside Shandong Ruyi as minority shareholders, while KKR […]

Retail Asia16/06/2015

Parisian fashion label Groupe SMCP says its ‘affordable luxury’ positioning is luring growing numbers of Chinese shoppers. SMCP is 70 per cent owned by private equity group KKR (one of the companies linked to a bid for Tesco’s US$6 billion Korean operations). In an interview with Bloomberg, SMCP CEO Daniel Lalonde said the company is […]

Tag: maje

China’s SMCP tops 1 billion euros revenue for first time

Shandong Ruyi buys Invista’s global Lycra business

Sandro parent unphased by trade spat

Sandro’s parent enjoys double-digit growth

SMCP Opens 100th Store in Mainland China

SMCP Group sales up 16 per cent

Hong Kong shines for Sandro Asia

Mid-priced brands cash in on falling Hong Kong rents at expense of luxury retailers

SMCP vows to continue China roll-out

Shandong Ruyi confirms SMCP deal

France’s Groupe SMCP finds favour in China