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The global fashion business journal

Oct 23, 202010:25am

Maje’s owner increases sales by 10.8% in third quarter driven by its international markets

Smcp, owner of brands like Sandro or Maje, has ended its third quarter with a revenue of 274.5 million euros.

Oct 29, 2019 — 5:01pm
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Maje’s owner increases sales by 9% in third quarter driven by its international markets

 

 

Smcp continues on the rise. The French company, owner of brands like Maje, Sandro and Claudie Pierlot, has ended its third quarter with a revenue of 274.5 million euros, 9% more up from 247.7 million euros last year.

 

Asia Pacific has led the group’s growth in the third quarter, with a 21.5% increase. In Europe, Middle East and Africa, the revenue of Smcp increased by 12.2% in the period, while in America it has grown by 6.3%. In France, its local market, the company has registered an increase of 2.5%.  

 

By brands, Sandro has been the chain with a better performance during the period, with an increase in its revenue of 8.8%. Maje, meanwhile, has increased its revenues by 11% in the third quarter.  

 

 

 

 

“We are confident that this good momentum will continue in the next quarter and enables us to confirm our full-year guidance.” said Daniel Lalonde, CEO of Smcp, in a statement. The group expects to end the year with a growth of between 9% and 11%.

 

As of September 30, the company had 1,235 points of sale worldwide, seven more stores than in the same period of the previous year. The company has been controlled since 2016 by Chinese giant Shandong Ruyi.

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