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Sandro owner files for IPO

SMCP Group, the French owner of premium brands Sandro, Maje and Claudie Pierlot, has submitted the regulatory documents for a possible stock market listing with the French Autorité des Marchés Financiers (AMF).

The company’s net sales grew 33% to €675m (£522m) in 2015 compared with the previous year while EBITDA grew by 44% to €107m (£82.8m).

The company has 1,118 points of sale in 33 countries, of which 906 are directly operated and 212 are operated through partnerships.

“We are very keen on pursuing our organic growth by continuing to develop high quality, on-trend collections, accelerating in digital, accessories and in menswear with Sandro Homme,” said SMCP Group chief executive Daniel Lalonde. “We will continue a targeted international expansion in the key markets where we already experience significant success, notably in Greater China, the US, UK, Italy and Spain.

“Building upon the strengths of our model will allow us to continue our development and increase our brands’ outreach in the forthcoming years in order to offer the accessible dream to our clients throughout the world.”

Private equity firm KKR acquired a majority stake of SMCP in 2013.

 

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