Asian Push Lifts SMCP Revenues

WWD

PARIS — Paris-based SMCP Group, the holding company for contemporary brands Sandro, Maje and Claudie Pierlot, said revenues jumped 20.5 percent in 2014, marking the fifth consecutive year of growth in excess of 20 percent.

Sales totaled 508.6 million euros, or $676 million, last year with 41.5 percent of revenues coming from outside France, up from 35.2 percent in 2013, it reported. The group is scheduled to report its full-year results on April 24.

Same-store sales rose 1.7 percent worldwide in a difficult economic environment, especially in SMCP’s key domestic market. France nonetheless posted a 0.9 percent increase in same-store sales, outperforming the market as a whole, with the United Kingdom, Spain, Switzerland, Germany and Italy also in positive territory.

The year was marked by a big push into Asia, with the opening of 15 stores in Mainland China and SMCP’s first unit in Singapore, as well as its acquisition…

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