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SMCP Q2 Sales Up 2% on U.S. Momentum and China Recovery
['Rhonda Richford']
WWD
The Americas remained SMCP’s strongest-performing region, with organic sales growth of 10.4 percent in the second quarter.
France remained the weakest market, with organic sales down 8.6 percent in the second quarter to 95.9 million euros.
Looking at brand level, Maje was the strongest performer in the quarter, with organic sales growth of 5.5 percent to 119.6 million euros.
Sandro, SMCP’s anchor and largest brand with sales of 158.1 million euros in the quarter, continued its positive momentum with organic growth of 2.6 percent.
On the status around the potential sale of a significant share stake in SMCP, Guichot said discussions with potential candidates are ongoing.