367
Fashion Jobs
SHISEIDO
FP&A Manager (Korean Only)
Permanent · SEOUL
AESOP
Aesop Hanam Starfield - Retail Consultant
Permanent · HANAM-SI
ADIDAS
Senior Specialist, Buying & Trading, E-Commerce
Permanent · SEOUL
ADIDAS
Manager, Personalization & Apps, E-Commerce
Permanent · SEOUL
ADIDAS
Senior Manager, Legal Counsel, Legal
Permanent · SEOUL
HENKEL
Finance Business Controller For Shiseido Professional Brand
Permanent ·
L'OREAL GROUP
[l'Oreal Korea] Kiehl's - CRM & Trade Mkt sr. Specialist~Manager
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] (jr.) Claim Substantiation Specialist - Corporate Regulatory Affairs
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] (sr.) Product Manager - Kerastase Marketing Team, Ppd
Permanent · SEOUL
UNDER ARMOUR
Associate, HR Administration
Permanent · SEOUL
ARKET
Visual Merchandising Manager
Permanent · BUSAN
PUIG
Marketing Manager
Permanent · SEOUL
JAEGER
[Jaeger Lecoultre] Marketing & Communication Director
Permanent · SEOUL
ESTÉE LAUDER COMPANIES
Corporate Account Executive For Travel Retail Korea, Estee Lauder Companies
Permanent ·
ESTÉE LAUDER - BRAND
Assistant Education Manager, Estee Lauder
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] Luxe Div. - Lancome E-Commerce Specialist
Permanent · SEOUL
COS
Instore Visual Merchandiser Manager_seoul/Gyeonggi
Permanent · SEOUL METROPOLITAN AREA
AESOP
Shinsegae Gwangju - Retail Consultant
Permanent · GWANGJU
COACH
Manager, Ecommerce
Permanent · SEOUL
ADIDAS
Manager, Business Planning & Analysis, Wholesales
Permanent · SEOUL
HENKEL
Adhesive Key Account Manager For Sports And Fashion Market
Permanent · BUSAN
HENKEL
Consumer Brands General Manager Assistant
Permanent ·
Published
Jan 28, 2019
Reading time
2 minutes
Download
Download the article
Print
Text size

As SMCP looks to new horizons, an acquisition could be on the cards

Published
Jan 28, 2019

SMCP executives were looking to spotlight a particularly symbolic milestone with the publication of the company's 2018 sales results on Monday. Indeed, the French luxury group hit 1 billion euros in revenues over the course of the last fiscal year, total sales from its Maje, Sandro and Claudie Pierlot brands having totalled 1.017 billion euros to be exact, compared to 912.14 million in the prior year. 


Pre-collection Spring 2019 - Maje


The company announced that it had therefore achieved its objective of 13% growth in constant currencies, with revenue growth of 11.5% taking into account the negative impact of unfavourable exchange rates, and a comparable sales increase of 3.7%. Although these results reflect a deceleration compared to the company's growth in 2017, when it saw comps rise 7.8%, they must be understood in the context of the current market climate, as pointed out by the group's CEO Daniel Lalonde. "Yes, if the end of the year had been stronger, perhaps we could have done even better. But, rather, in the current economic environment, we showed that we're very resilient. You have to put things in context and compare our results with our competitors specialised in accessible luxury and retail, I think we're doing very well," he asserted. 

"The right moment" for an acquisition

SMCP is eager to emphasise this resilience to the investors and analysts who have been scrutinising its results since its IPO at the end of 2017. It also wants to show off its EBITDA margin, which should be rising from 16.5% to 17%, as the group has now announced that it is closing in on this target. 

Following four years of accelerated growth during which SMCP's revenues have doubled, could a slow-down now be setting in? This appears to be the major question for stock market analysts at the moment. The French company acquired by Chinese textiles and apparel group Shandong Ruyi in 2016 has thus far managed to resist the negative effects of a challenging international market, maintaining double-figure growth. Ten years after its acquisition of Claudie Pierlot, however, this could well be the moment for the group to look into external growth in order to complete its portfolio.

"Up until now, we've focused on organic growth," explained Lalonde, who joined SMCP in 2015. "But yes, for the first time, I can say that, if a brand corresponded to our company culture and an opportunity presented itself, we could indeed look into it seriously. We're ready. We've invested in our infrastructure, I think it's the right moment, yes," stated the executive.
 
SMCP's portfolio is currently made up of three brands: Sandro, Maje and Claudie Pierlot. The second of these saw the strongest growth in 2018, posting a sales increase of 15.9% to 391.4 million euros, unlike in 2017 when Sandro led progress at the company. Sandro nonetheless managed an increase of 11.4% in 2018, hitting a symbolic milestone of its own – 500 million euros in revenues. Claudie Pierlot saw a similar growth rate of 11.1%, reporting revenues of 125.2 million euros. 

Copyright © 2024 FashionNetwork.com All rights reserved.