SMCP S A : Press Release Update on the proceedings in the relation with a stake of 15.9% of the share capital
July 15, 2024 at 01:42 am
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SMCP - Press Release - Update on the proceedings in the relation with a stake of 15.9% of the share capital
15 Jul 2024 07:38 CEST
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Issuer
SMCP SA
Press release - Paris, July 15th, 2024
Update on the proceedings in relation to
the transfer of 15,9% SMCP stake in 2021
The English High Court has ruled in favour of GLAS
SMCP has been informed that on July 12, 2024, the English High Court, upon request from GLAS SAS (London Branch) as trustee of the exchangeable bonds issued by European TopSoho S.à r.l. ("ETS"), has ruled that the transfer of a 15.9% stake of the Company's share capital from ETS to Dynamic Treasure Group Ltd ("DTG") in 2021 was invalid.
It is anticipated that an order will shortly be made by the Judge requiring the return by DTG of the 15.9% stake to ETS, which is currently under liquidation in Luxembourg.
ABOUT SMCP
SMCP is a global leader in the accessible luxury market with four unique Parisian brands: Sandro, Maje, Claudie Pierlot and Fursac. Present in 46 countries, the Group comprises a network of over 1,600 stores globally and a strong digital presence in all its key markets. Evelyne Chetrite and Judith Milgrom founded Sandro and Maje in Paris, in 1984 and 1998 respectively, and continue to provide creative direction for the brands. Claudie Pierlot and Fursac were respectively acquired by SMCP in 2009 and 2019. SMCP is listed on the Euronext Paris regulated market (compartment A, ISIN Code FR0013214145, ticker: SMCP).
CONTACTS
INVESTORS/PRESS
SMCP
BRUNSWICK
Amélie Dernis
Hugues Boëton
Tristan Roquet Montegon
+33 (0) 1 55 80 51 00
+33 (0) 1 53 96 83 83
amelie.dernis@smcp.com
smcp@brunswickgroup.com
Attachment
SMCP - Press Release - Update on the proceedings in the relation with a stake of 15.9% of the share capital
Source
SMCP SA
Provider
GlobeNewswire
Company Name
SMCP
ISIN
FR0013214145
Symbol
SMCP
Market
Euronext
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SMCP SA published this content on
15 July 2024 and is solely responsible for the information contained therein. Distributed by
Public, unedited and unaltered, on
15 July 2024 05:41:10 UTC.
SMCP S.A specializes in the design and marketing of men and women's luxury clothing and accessories. The products are sold under Sandro (48.3% of net sales), Maje (38.7%), Claudie Pierlot and Fursac (13%). Net sales break down by activity as follows:
- sales in company-owned stores (30.8%);
- sales in department store corners (29.8%);
- online sales (16.6%);
- sales in outlet stores (12.2%);
- sales to local partners (8.3%);
- sales to affiliated stores (2.3%).
Products are fabricated by subcontractors.
At the end of 2022, the products were marketed through a network of 1,683 stores worldwide (including 1,280 company-owned stores) and via the Internet.
Net sales are distributed geographically as follows: France (34.3%), Europe/Middle East/Africa (31.3%), Asia/Pacific (19.2%) and Americas (15.2%).
SMCP S.A 
